Central Banks
Fed’s Waller Backs Slowing the Next Rate Hike to 25 Basis Points
- Fed governor says further tightening needed to curb inflation
- Says Fed must maintain the progress made on cooling prices
Christopher Waller
Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Governor Christopher Waller, one of the more hawkish officials at the US central bank, has joined other policymakers in backing another moderation in the size of rate increases when they next gather.
“I currently favor a 25 basis-point increase at the FOMC’s next meeting at the end of this month,” Waller said Friday at the Council on Foreign Relations in New York, referring to the rate-setting Federal Open Market Committee. “Beyond that, we still have a considerable way to go toward our 2% inflation goal, and I expect to support continued tightening of monetary policy.”