Central Banks
Fed’s Waller Says Central Bank Can ‘Proceed Carefully’ With Rate Hikes
- Fed governor says officials can ‘proceed carefully’ with hikes
- Cleveland Fed’s Mester says rates may need to rise a bit more
Christopher Waller
Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Governor Christopher Waller said policymakers can afford to “proceed carefully” with interest-rate increases given recent data showing inflation continuing to ease.
“There is nothing that is saying we need to do anything imminent anytime soon,” Waller said in an interview on CNBC Tuesday, signaling he supports holding rates steady at the central bank’s next meeting. “We can just sit there and wait for the data.”