Fed's Waller Urges More Interest Rate Hikes to Combat High Inflation
TL;DR Summary
Federal Reserve Governor Chris Waller said that inflation is still too high and monetary policy needs to be tightened further. He noted that financial conditions have not significantly tightened, the labor market continues to be strong and quite tight, and inflation is far above target. Waller said that how much more interest rates need to be raised will depend on incoming data and the extent to which credit conditions tighten. He also mentioned that stronger growth and job creation than expected has been a surprise.
- Fed's Waller says inflation 'still much too high' Yahoo Finance
- Top Fed official sees need for more interest rate increases The Washington Post
- Waller: Recent data show Fed hasn't made much progress on inflation, more hikes needed ForexLive
- Fed's Waller: Not much progress on inflation, higher rates needed Reuters
- Fed's Waller indicates support for May interest rate rise Financial Times
Reading Insights
Total Reads
0
Unique Readers
8
Time Saved
2 min
vs 3 min read
Condensed
84%
522 → 85 words
Want the full story? Read the original article
Read on Yahoo Finance