Fed's Waller: The labor market is getting close to average from before the pandemic

<p>Waller is back with more comments at a St Louis Fed conference.</p><ul><li>Labor market is cooling and getting close to average from before the pandemic; it's 'clearly calming down'</li><li>Labor supply also appears to be normalizing back to pre-pandemic levels</li><li>'Everything was booming' in Q3 GDP, Fed is watching that closely</li><li>In central banking terms, move up in 10-year yields was an 'earthquake'</li><li>Policymakers are mulling what drove long-term yields higher</li><li>What people have in mind now is for prices to return to earlier levels, and that is not going to happen</li></ul>

This article was written by Adam Button at www.forexlive.com.