Fed's Waller plans to support at least a quarter-point rate hike in December Reuters
Fed's Waller plans to support at least a quarter-point rate hike in December - Reuters
In short
Federal Reserve official Waller intends to vote for an interest rate increase at the December gathering. The policymaker favors raising rates by a minimum of a quarter-point during the session. This explicit support provides advance insight into the central bank's upcoming monetary policy deliberations.
Key points
- A key central bank official intends to advocate for an immediate borrowing adjustment.: A key central bank official intends to advocate for an immediate borrowing adjustment.
- Support is firm for raising policy rates by no less than a quarter-point.: Support is firm for raising policy rates by no less than a quarter-point.
- The anticipated rate hike will be considered during the central bank's December session.: The anticipated rate hike will be considered during the central bank's December session.