Fed official urges data-driven stance as inflation lingers, hikes still on the table
TL;DR Summary
Federal Reserve Governor Christopher Waller said inflation remains a concern but called for a data-driven approach, cautioning against fighting the last war and noting that rate hikes would depend on incoming data. He cited tariffs, Middle East energy pressures, and AI‑driven demand as drivers of persistent inflation, while praising a strong labor market and anchored expectations. He warned against complacency and indicated the Fed could tighten if inflation proves stubborn, with the July CPI data and meeting shaping the path forward; markets price about a 39% chance of a hike.
- Waller says Fed shouldn't 'fight the last war' on inflation but warns hikes still possible CNBC
- Fed Official Warns of Higher Rates if Inflation Stays Elevated The New York Times
- Waller Says Fed May Need to Raise Rates to Tame Core Inflation Bloomberg.com
- Top Federal Reserve official warns ‘hot’ inflation could trigger rate rise Financial Times
- Waller Signals Readiness to Raise Rates Soon if Inflation Doesn’t Improve WSJ
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