Fed Governor Christopher Waller on Friday said that the central bank needs to continue to raise interest rates.
The Federal Reserve needs to continue raising interest rates because inflation is “still much too high,” Fed Governor Christopher Waller said Friday.
“Because... The Federal Reserve needs to continue raising interest rates because inflation is “still much too high,” Fed Governor Christopher Waller said Friday. “Because financial conditions have not significantly tightened, the labor market continues to be strong and quite tight, and inflation is far above target, so monetary policy needs to be tightened further,” Waller said, in a speech at a conference in San Antonio, Texas.
He noted that core consumer prices, excluding volatile food and energy prices, have risen by 0.4% or higher for the fourth month in a row.
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