Fed’s Waller opens door to half-point rate hike in December
Summary
Federal Reserve Governor Christopher Waller said he may support a half-point interest rate increase in December, depending on economic data. Speaking at the Bank of England Watchers’ Conference, he said he was leaning toward the increase even if October inflation data improved from September.Key Facts
- Christopher Waller is a member of the Federal Reserve Board of Governors.
- Waller said Tuesday that he may support a half-point rate increase in December.
- His decision would depend on what the economic data show.
- Waller said he was leaning toward supporting the increase even if October inflation data improved from September.
- Waller made the remarks at the Bank of England Watchers’ Conference.
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