Fed Hawk Waller Joins Other Officials Open to Half-Point Rate Hike
Federal Reserve officials backed expectations they will moderate interest-rate increases to 50 basis points next month, while stressing the need to keep hiking into 2023. In a speech on Wednesday, Governor Christopher Waller said his final decision on the size of the appropriate move next month will hinge on data. He also left the door open to a sequence of half percentage-point increases if needed to curb high inflation. “The data of the past few weeks have made me more comfortable considering stepping down to a 50 basis-point hike,” Waller said at an event in Phoenix. “But I won’t be making a judgment about ... (full story)
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tweet at 3:34pm: FED'S WALLER: MAKES ME NERVOUS THAT COMPANIES ARE BUILDING IN A LOT OF WAGE GROWTH FED'S WALLER: OWN FORECAST IS THAT INFLATION WILL DOWN CLOSER TO 3% BY END OF NEXT YEAR FED'S WALLER: THAT WILL KEEP INFLATION HIGH
tweet at 3:06pm: FED'S WALLER: WE WANT MARKETS TO FOCUS ON THE END POINT FOR RATES tweet at 3:23pm: FED'S WALLER: ANY FUTURE QE WOULD DEPEND ON WHAT KIND OF SHOCK tweet at 3:24pm: FED'S WALLER: STILL HAVE A LARGE NUMBER OF WORKERS, LARGELY WOMEN, OUT OF WORKFORCEFED'S WALLER: STARTING TO WORRY ABOUT LONG COVID
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