WSJ's Nick Timiraos highlight's Fed Waller's comment on September meeting being 'live'

<p>Nick Timiraos is viewed as having good connections into the Federal Reserve. He has, in the past, communicated policy messaging during a 'blackout' period, for example.</p><p>He is emphasising the remark earlier from Federal Reserve Board Governor Christopher Waller that the September Federal Open Market Committee (FOMC) policy meeting is live for a potential rate hike:</p><p>Chris Waller says the June rate "skip" wasn't at all about lags. To him, it was about assessing bank-credit conditions.
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September is live. There's no every-other-meeting plan.
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But if the next two CPI readings "look like the last two, the data would suggest maybe stopping."</p>

This article was written by Eamonn Sheridan at www.forexlive.com.