Fed’s Waller says even in a typical recession, there is a ‘decent chance’ Fed will need to cut policy rate to 0, buy bonds – #marketnews

Federal Reserve's Christopher Waller had a speech today and while he has backed a 75bps hike in July if data comes in as he expects, that even in a typical recession the money printer should go brrrrrr a couple hours ago

🌽 and other digital assets have basically reversed their earthly plunge on this line

I wouldn't be surprised if the rates traders go STIR crazy tomorrow tbh