Central Banks
Fed’s Waller Says ‘Too Soon to Tell’ If More Interest Rate Hikes Needed
- Governor will carefully assess data on economy’s performance
- While ‘it is too soon to tell’ on economy, he sees progress
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Federal Reserve Governor Christopher Waller said the US central bank can wait and gather more data before deciding if the economy needs further monetary restraint, signaling that he favors holding interest rates steady when officials meet in two weeks.
“I believe we can wait, watch and see how the economy evolves before making definitive moves on the path of the policy rate,” Waller said in remarks prepared for the European Economics and Financial Center in London. “I will be looking carefully at the data to see whether the real side of the economy begins to cool off or whether prices, the nominal side of the economy, heat up.”