Economics
Fed’s Waller Backs Half-Point Rate Hikes at ‘Several’ Meetings
- Waller wants to keep 50 bps hikes on table until prices cool
- Waller says his rate-hike plan is in line with expectations
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Federal Reserve Governor Christopher Waller said he wants to keep raising interest rates in half-percentage point steps until inflation is easing back toward the US central bank’s goal.
“I support tightening policy by another 50 basis points for several meetings,” he said on Monday in Frankfurt. “In particular, I am not taking 50 basis-point hikes off the table until I see inflation coming down closer to our 2% target,” he told an event hosted by the Institute for Monetary and Financial Stability.