Here's your summary from Fed's Waller Warns Fiscal Spending May Pressure Neutral Rate (https://www.youtube.com/watch?v=t65YMsXSC8A) on the Bloomberg Television channel:

**TLDR:** Fed's Waller warns that deficit spending and increasing federal debt may pressure the neutral rate in the future.

1. Factors increasing demand have outstripped the increase in supply, leading to a lower neutral rate.

2. The U.S. is on an unsustainable fiscal path, with debt expected to grow at a high rate.

3. Financing pressures may contribute to a rise in the neutral rate in the coming years.

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