Christopher Waller

Christopher Waller is a member of the Board of Governors of the Federal Reserve System. He previously served as executive vice president and director of research at the Federal Reserve Bank of St. Louis and has delivered public remarks on Reserve Bank operations, central bank independence, payments innovation, and operationalizing AI at the Federal Reserve.

Fed Officials Call for Better Classification Tools Under Economic Uncertainty

At a Hoover Institution policy panel on central-bank independence, structure and emerging risks, Federal Reserve officials Michelle Bowman, Mary Daly, Austan Goolsbee and Christopher Waller each argued that the Fed’s next problems turn on classifying risks before they are obvious in hindsight. Bowman focused on capital rules and private credit, Daly on distinguishing temporary from persistent inflation shocks, Goolsbee on whether expected AI productivity gains lower or raise the appropriate rate path, and Waller on which Fed functions require regional autonomy rather than centralized operations.

Hoover InstitutionJun 1, 202621 min read