‘Inflation is not coming down as fast as I thought’ — Fed’s Waller open to stiffer rate hikes
Federal Reserve Gov. Chris Waller on Thursday said “inflation is not coming down as fast as I had thought,” signaling he would be open to an even bigger increase in interest rates if price pressures don’t ease more rapidly.
Waller... Federal Reserve Gov. Chris Waller on Thursday said “inflation is not coming down as fast as I had thought,” signaling he would be open to an even bigger increase in interest rates if price pressures don’t ease more rapidly. Waller said he would scrutinize a raft of economic indicators ahead of the Fed’s next interest-setting meeting on March 21-22 before deciding whether he would support stiffer rate hikes. Chief among them are the next U.S. employment report due next week and the consumer price index.
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