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Central Banks

Fed’s Waller Says There’s a ‘Ways to Go’ Before Rate Hikes Done

  • Central bank considers whether to slow pace at next meeting
  • October CPI was good news but just one data point, Waller says
Federal Reserve Governor Christopher Waller

Federal Reserve Governor Christopher Waller

Photographer: Al Drago/Bloomberg
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Federal Reserve Governor Christopher Waller said “we’ve still got a ways to go” before the US central bank stops raising interest rates, despite good news last week on consumer prices.

While officials could moderate the size of their rate hikes to 50 basis points at their next meeting or the one after that -- after a string of 75 basis-point moves -- Waller cautioned that officials were not close to a pause.