A top Federal Reserve official stated his support for more interest rate hikes as a tight labor market, persistent inflation, and uncertain credit conditions continue to threaten the U.S economy. Federal Reserve Governor Christopher Waller told the University of California Santa Barbara County Economic Summit on May 25 that the Fed should not stop raising…
Tight Labor Market and Stubborn Inflation Plague US Economy, Says Fed Governor
May 25, 2023
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Business & MarketsChristopher Wallercredit conditionseconomic policieseconomyFederal ReserveinflationMarketsPolicies & ImpactsrecessionUS
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Federal Reserve Governor: Climate Change Doesn’t Pose ‘Material’ Risk to US
May 12, 2023
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Federal Reserve Gov. Christopher Waller said that climate change does not present a “sufficiently unique” risk to the U.S. financial system. Regarding climate change, or the theory that the Earth’s temperatures are warming due to human activity, “I do not believe it poses a serious risk to the safety and soundness of large banks or…
Federal Reserve Governor Backs Another Big Rate Hike for ‘All In’ Inflation Fight
June 19, 2022
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Federal Reserve Governor Christopher Waller on Saturday became the latest U.S. central banker to pledge a whatever-it-takes approach to fighting inflation, three days after the Fed raised interest rates by three-quarters of a percentage point and signaled more hikes to come. “If the data comes in as I expect, I will support a similar-sized move…
Fed’s Waller Supports 50 BPS Rate Hikes for ‘Several’ Meetings
The U.S. Federal Reserve should raise interest rates by a half percentage point each time at more than its next two meetings, Fed Governor Christopher Waller said on Monday, underscoring tensions at the central bank about how aggressively to tighten policy as it battles to bring down high inflation. “I support tightening policy by another…
Fed’s Bullard Wants Interest Rates Above 3 Percent By End of 2022
The Federal Reserve should raise interest rates above 3 percent by the end of 2022, says St. Louis Fed Bank President James Bullard. Bullard, who was the lone dissent vote during this week’s much-anticipated Federal Open Market Committee (FOMC) policy meeting, argued that the central bank is not doing enough to fight 40-year high inflation….
Fed Should Lift Rates a Full Percentage Point by Mid-Year: Waller
February 26, 2022
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Federal Reserve Governor Christopher Waller on Thursday laid out the case for a “concerted” effort to rein in inflation, calling for raising interest rates a full percentage point by mid-year, starting with a half-percentage-point hike in March if data in coming weeks continues to point to an “exceedingly hot” economy. “I believe appropriate interest rate…
Fed’s Waller: ‘More Aggressive’ Response May Be Needed If Inflation Stays High
WASHINGTON—If inflation keeps rising at its current pace in coming months rather than subsiding as expected, Federal Reserve policymakers may need to adopt “a more aggressive policy response” next year, Fed Governor Christopher Waller said on Tuesday. For now, Waller said in remarks to the Stanford Institute for Economic Policy Research, he continues to believes…
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