Fed's Waller: Good stable fiscal policy ensures stability in longer-run rates

By Michael S. Derby NEW YORK, Oct 16 (Reuters) – Federal Reserve Governor Christopher Waller said Thursday keeping the government’s borrowing in check is important for long-run borrowing costs. “Having good, stable fiscal policy is the best way to ensure" that debt supply doesn’t outstrip demand and drive up borrowing costs, Waller said at a meeting held by the Council on Foreign Relations. He noted government fiscal policy “is not under my control, it’s up to the Congress.” (Reporting by Michael S. Derby)

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