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MNI: Waller- Fed Must Keep Fighting Inflation “Aggressively”

(MNI) WASHINGTON

Fed Governor Waller says he supports "significant" rate hike in September.

High and persistent inflation means there’s little reason for the Federal Reserve to ease up on its aggressive fight to bring price pressures under control and keep inflation expectations from becoming untethered, Federal Reserve Governor Christopher Waller said Friday.

“Based on all of the data that we have received since the FOMC’s last meeting, I believe the policy decision at our next meeting will be straightforward,” he said, without specifying his preferred size of a rate move, which markets are now betting will likely repeat the 75-basis point moves seen in June and July.

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High and persistent inflation means there’s little reason for the Federal Reserve to ease up on its aggressive fight to bring price pressures under control and keep inflation expectations from becoming untethered, Federal Reserve Governor Christopher Waller said Friday.

“Based on all of the data that we have received since the FOMC’s last meeting, I believe the policy decision at our next meeting will be straightforward,” he said, without specifying his preferred size of a rate move, which markets are now betting will likely repeat the 75-basis point moves seen in June and July.

Keep reading...Show less