Fed’s Waller Sees Additional Rate Hikes Into Early Next Year
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Federal Reserve Governor Christopher Waller said the US central bank needs to continue to raise interest rates into early 2023 and keep the battle over inflation a top priority despite roiled financial markets.
“The focus of monetary policy needs to be fighting inflation,” Waller said in prepared remarks Thursday at the University of Kentucky in Lexington. “We have tools in place to address any financial stability concerns and should not be looking to monetary policy for this purpose.”