# Christopher J Waller: The economic outlook and monetary policy

> Federal Reserve Governor Christopher Waller said the recent weak jobs report does not change the strong economic trend and that the recent unexpectedly high CPI inflation is driven by temporary factors. He argued accommodative monetary policy remains necessary to support recovery.

- Date: 2021-05-17 · published 2021-05-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/47005-christopher-j-waller-the-economic-outlook-and-monetary-policy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Signals that the Fed will keep money loose for longer, supporting commodity prices and a softer dollar. Temporary inflation framing lowers the near-term risk of rate hikes that would pressure commodities.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-11 | [Ahead of the Monetary Policy Committee Meeting, Won-Dollar Exchange Rate Enters 1,200-Won Range: Future Outlook - The Asia Business Daily](https://feedsoft.ai/events/35282-ahead-of-the-monetary-policy-committee-meeting-won-dollar-exchange-rate-enters.md) | -1.5% | +0.1% |
| DXY | 2020-10-21 | [The Federal Reserve’s New Monetary Policy Strategy](https://feedsoft.ai/events/50554-the-federal-reserve-s-new-monetary-policy-strategy.md) | -0.2% | -1.6% |
| DXY | 2018-03-04 | [Currency markets send a warning on the US economy](https://feedsoft.ai/events/66191-currency-markets-send-a-warning-on-the-us-economy.md) | -0.6% | -0.8% |
| DXY | 2021-03-18 | [Gold gains after Fed maintains easy monetary policy stance - Markets - Business Recorder](https://feedsoft.ai/events/48016-gold-gains-after-fed-maintains-easy-monetary-policy-stance-markets-business.md) | +0.4% | -0.3% |
| DXY | 2026-01-28 | [Wheat Prices Rally as Dollar Dips; Todd Hubbs Weighs in on Crop Outlook and Policy Rumors - Oklahoma Farm Report](https://feedsoft.ai/events/21102-wheat-prices-rally-as-dollar-dips-todd-hubbs-weighs-in-on-crop-outlook-and.md) | +0.4% | +0.3% |

## Sources

- bis.org: https://www.bis.org/review/r210517b.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.