Fed's Waller Urges Continued Interest Rate Hikes to Combat High Inflation.
TL;DR Summary
Christopher Waller, a member of the Fed’s governing board, has stated that inflation is still too high and more interest rate hikes are needed to control prices. He did not specify how many increases he supports, but core prices have risen at about the same pace or higher since December 2021. Waller's comments follow a forecast by the Fed's staff economists for a "mild recession" later this year. He also expressed optimism about signs in Wednesday's inflation report that showed rental price growth is finally slowing.
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