Waller says Fed shouldn't 'fight the last war' on inflation but warns hikes still possible
Fed Governor Christopher Waller warns that interest rate hikes remain a possibility if inflation fails to improve.
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The brief
Federal Reserve Governor Christopher Waller has stated that the Fed may need to raise rates to tame core inflation. While Waller cautioned that the Fed should not "fight the last war" on inflation, he signaled a readiness to increase rates soon if high inflation persists.
Coverage from the Wall Street Journal, The New York Times, and Bloomberg emphasizes Waller's openness to further hikes. CNBC reports his specific warning against outdated approaches to inflation management.
Attention is now on the upcoming CPI report, which Barron's notes Waller is watching to determine if rate hikes are necessary.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 46d ago.
Sources (10)
- Fed's Waller warns rate hike possible, urges caution on inflation qz.com · 46d ago
- Fed's Waller says rate hike may be needed if core inflation stays hot Reuters · 46d ago
- Fed governor warns of possible interest-rate hikes if inflation comes in hot this week New York Post · 46d ago
- Live updates: Bitcoin slips below $63,000 in an Asian-session leverage flush CoinDesk · 46d ago
- Top Federal Reserve official warns ‘hot’ inflation could trigger rate rise Financial Times · 46d ago
- Waller Signals Readiness to Raise Rates Soon if Inflation Doesn’t Improve WSJ · 46d ago
- Waller Says He’s Watching CPI Report to See If Rate Hikes Needed Barron's · 46d ago
- Waller Says Fed May Need to Raise Rates to Tame Core Inflation Bloomberg.com · 46d ago
- The Fed’s Christopher Waller Warns of Higher Rates Soon if Inflation Stays High The New York Times · 46d ago
- Waller says Fed shouldn't 'fight the last war' on inflation but warns hikes still possible CNBC · 46d ago broke it first
Quick answers
What is Christopher Waller's current stance on interest rates?
Waller believes rate hikes may be needed to tame core inflation if conditions do not improve.
What specific data is Waller monitoring?
According to Barron's, Waller is watching the CPI report.
What phrase did Waller use regarding the Fed's approach to inflation?
He stated that the Fed should not "fight the last war" on inflation.
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