Central Banks
Fed’s Waller, Bowman Open Door to Another Interest Rate Pause in December
- Hawks suggest no urgency to raise rates at next policy meeting
- Bowman says she remains willing to hike if disinflation stalls
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Two Federal Reserve officials who led the push for higher interest rates to curb inflation last year signaled they could be comfortable holding rates steady for now, reinforcing expectations that the central bank’s current hiking cycle is done.
Governor Christopher Waller, one of the most hawkish Fed officials, said policy is well positioned to return inflation to the Fed’s 2% goal, suggesting policymakers may not need to raise rates again. Governor Michelle Bowman said she remains willing to support rate hikes if inflation progress stalls, but stopped short of endorsing an increase next month.