Fed Governor Waller sees a December rate hike as likely and opens the door to a half-percentage-point increase.
Fed Chair Christopher Waller said Tuesday that he would support a 0.25-percentage-point interest rate hike in December and could push for a 0.5-percentage-point increase if inflation data were worse than expected.
The policymaker added that he supported the central bank’s decision to leave interest rates unchanged in October, provided market expectations of further monetary tightening materialized. “Therefore, while the exact timing of the hikes does not matter, ensuring that the promised hikes are implemented within a reasonable timeframe is essential,” he said during a speech in London.
Fed Chair Christopher Waller said Tuesday that he would support a 0.25-percentage-point interest rate hike in December and could push for a 0.5-percentage-point increase if inflation data were worse than expected.
The policymaker added that he supported the central bank’s decision to leave interest rates unchanged in October, provided market expectations of further monetary tightening materialized. “Therefore, while the exact timing of the hikes does not matter, ensuring that the promised hikes are implemented within a reasonable timeframe is essential,” he said during a speech in London.
