Fed’s Waller Backs December Rate Hike, Says Open to Larger Move
Federal Reserve Governor Christopher Waller on Tuesday said he supports an interest-rate hike in December, and warned that if inflation continues to accelerate he would support a half-percentage-point increase to protect the central bank's credibility.
Waller's remarks come as the Federal Reserve grapples with persistent inflation, which has forced the central bank to maintain tight monetary policy for an extended period. His comments provide insight into the internal debate regarding the timing and magnitude of future rate adjustments.
The Federal Reserve has been navigating a delicate balance between cooling the economy and avoiding a recession. Waller's openness to a larger move suggests that officials are prepared to act decisively if economic data does not align with their inflation targets.
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