Federal Reserve Gov. Chris Waller on Tuesday put the possibility of a half-point rate hike into the mix, depending how hot the consumer price data for October comes in.
Fed’s Waller puts half-point rate hike into the mix for December
In short
Federal Reserve Governor Chris Waller addressed monetary policy expectations during remarks delivered on Tuesday. He indicated that central bank officials are actively considering a half-point interest rate increase for the upcoming December meeting. This potential adjustment remains on the table as policymakers prepare to decide on their next course of action.
Key points
- Policymakers are keeping a half-point rate increase within the realm of potential Decembe…: Policymakers are keeping a half-point rate increase within the realm of potential December outcomes.
- Leadership at the Federal Reserve is actively preparing options for the central bank's ne…: Leadership at the Federal Reserve is actively preparing options for the central bank's next adjustment.
- Federal Reserve Governor Chris Waller signaled that adjustments remain possible as offici…: Federal Reserve Governor Chris Waller signaled that adjustments remain possible as officials evaluate incoming policy steps.