Fed Waller Signals More Rate Hikes
Federal Reserve Governor Christopher Waller stated that additional interest rate hikes will likely be needed to lower inflation to the central bank target. However, he noted flexibility regarding the pace of future increases and left the door open for a pause at the upcoming meeting.
United States Federal Reserve Governor Christopher Waller said on Thursday that additional interest rate hikes will likely be needed to lower inflation to the central bank's 2% target. Waller left open the possibility of a pause at the upcoming October policy meeting while speaking at a central bank forum in Turkey. Officials are weighing ongoing economic growth against persistent price pressures from energy shocks and artificial intelligence demand.
