Waller Says Higher Treasury Yields Can Help Fed Cool Demand

Federal Reserve Governor Christopher Waller has pointed out that the recent increase in long-term US Treasury yields is playing a role in moderating demand in sectors like housing and autos. This trend is lending some support to the Fed's efforts to cool economic activity without needing to implement more aggressive monetary policy measures. Waller's comments underscore how market forces can complement the Fed's traditional tools in managing economic demand and inflation.