Feds Waller: If oil stays high for months on end, at some point it bleeds into inflation

If oil stays high for months on and at some point it leads into core inflation.A high and persistent oil shock would not have a transitory impact on inflation. Based on the jobs report was planning to dissent, but since then inflation has become more of a concernZero job growth does not seem normal, but that is what………………………………………………………………………………………………………… If oil stays high for months on and at some point it leads into core inflation. A high and persistent oil shock would not have a transitory impact on inflation. If oil stays high for months on and at some point it leads into core inflation. A high and persistent oil shock would not have a transitory impact on inflation. Based on the jobs report was planning to dissent, but since then inflation has become more of a concern Zero job growth does not seem normal, but that is what the math may indicate will keep the unemployment rate stable… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.