the feds christopher waller says a decision on tapering could be close at hand.anks bouncing back. our conversations with the ceo of standard chartered and the cfo of socgen coming courtly -- shortly. the bank spurred to buy back $250 million of shares and pay a small dividend. bringing us an exclusive interview is rishaad salamat joined by the ceo of standard chartered, bill winters. >> thank you very much. bill winters with me, wearing a mask today because he is under regulations as he is quarantining. bill, great numbers. bill: very nice to be here. we have a bunch of things going on. the big change is loan impairments, which were down significantly. we did some pretty cautious provisions last year at the early stage of the pandemic. relatively little of that has turned into actual losses.we did not release a lot of those provisions. what we had was very low levels of losses. each of our underlying business strategies is coming true. we have a big focus on our cross-border business focus. a big focus on our affluence proposition in hong kong and the rest of ou

waller. christopher j waller took office as a member of the board of governors of the federal reserve system on december 18, 2020 to full a term ending in january of 2030. prior to his appointment to the board, dr. waller served as executive vice president and director of research at the federal reserve think of st. louis, a position he's held since 2009. he has held faculty appointments at the university of notre dame , the university of kentucky, and indiana university. governor waller, thank you so much for joining us today. thanks again to everybody who is tuning and both to the livestream and who will watch the video later at their convenience. governor, i will turn it over to you. >> thank you, michael, and thank you to the american enterprise institute for the invitation to speak to you today. the payment system is changing in profound ways as individuals demand faster payments, central banks including the fed respond, and non-bank entities seek a greater role in facilitating payments. in all of this excitement, there are also calls for the federal reserve to get in the game and issue

the conference call is coming up. >> last hour christopher waller joined us with a pretty optimisticm. >> the job reports as i think they're going to in the next two reports, with tapering, we should go early and go fast. in order to make sure that we are in position to raise rates in 2022, if we have to i'm not saying we would. but if we wanted to, we need to have some policy space by the end of the year. that may be on the more optimistic side of the committee. but that tends to be the outlook that i have. >> kate, i love this interview for a number of reasons. but mainly because he was so specific and gave his thoughts that maybe inflation isn't so transitory we'll see. and it does not prove to be transittory, we need to start tapering quick and early he actually put in october date on and i'm curious to hear your take from a federal reserve governor that votes at every meeting. >> you know, i'll tell you, sara, i don't know how we got here okay, i just want to step back and say how did we get to the point where rates went to zero and the fed started buying so we're really in unch

and it's been a very long time since then, but he does have a governor who it sounds like christopher waller is ready to descend if he's pushed, given the white hot housing market. we've seen given data that came out just today that showed that new leases new apartment li, deriving at a 17 percent annual rate in the united states. back along with a slowing economy, start to flash the dangers of stag lieschen, which most people have to google. and the question here, did you have the fat inside or if you brought up an incredible point there, but for our viewers, what power does a dissenting voice within the fed have when it comes to trying to push that policy forward? well, it's not, again, i don't mean to be discounting the views and the work and the analysis done by federal reserve district president we're talking to, to now can to hear and have descend on the board of governors. that's supposed to be the chairs, closest advisors, and on top of this in the market knows this in january. we've got 3 very outspoken hawks rotating on to onto the f. m. c, including bullard and rosen grid. both of

announcer: now federal reserve governor christopher waller talks about digital currency and doubts about for the u.s. central bank to develop a digital currency from the american enterprise institute. this is just under an hour. >> i'm michael strain director of economic policy studies at the american enterprise institute. the majority of the world central bank's are exploring digital currency. most were puns for central-bank digital currency could function like u.s. dollars. they could be widely accepted as an alternative to cash in an increasingly cashless society. a digital currency could give

. >> federal reserve governor christopher waller talks about digital currency and doubts about callsor the u.s. central bank to develop a digital currency. >> i'm michael strain director of economic policy studies at the american enterprise institute. the majority of the world central bank's are exploring digital currency. most were puns for central-bank digital currency could function like u.s. dollars. they could be widely accepted as an alternative to cash in an increasingly cashless society. a digital currency could give access to the financial system to the un-banked and may increase the efficiency of financial transactions. at the same time the adoption of digital currency could be truly disruptive to existing financial situations. should the fed launch a digital