Fed governor warns of possible interest-rate hikes if inflation comes in hot this week
Fed Governor Christopher J. Waller on Monday warned the central bank may be forced to hike interest rates soon if new inflation data this week comes in hotter than expected.
Reported by 1 outlet — New York Post. See all sources ↓
Fed Governor Christopher J. Waller on Monday warned the central bank may be forced to hike interest rates soon if new inflation data this week comes in hotter than expected. As the war in Iran has pushed inflation to a three-year high while the labor market remains resilient, all eyes at the Federal Reserve are on prices – flipping from an easing bias to a tightening one. “If we get another hot reading on core inflation this week, then the FOMC will need to consider tightening monetary policy in the near term,” Waller, who was nominated by President Trump in 2020, said Monday at an event hosted by the New York Association for Business Economics.
Read the full report at New York Post ↗
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- Fed Governor Christopher J. Waller on Monday warned the central bank may be forced to hike interest rates soon if new inflation data this week comes in hotter than expected.
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- 1 outlet, average source rating 5.0/10.
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Fed governor warns of possible interest-rate hikes if inflation comes in hot this week
Sources1TypeCoverageNew York Post