Fed's Waller backs 25 bp rate hike in February - Breaking The News
Download our appPlay StoreApp Store

Fed's Waller backs 25 bp rate hike in February

EPA-EFE/SHAWN THEW

United States Federal Reserve Governor Christopher Waller said on Friday that he expects "little turbulence ahead" for the national economy and that he "currently" supports a 25 basis point interest rate hike on February 1, adding that there is "a considerable way to go" until inflation goes back to targeted 2%.

A deceleration of economic activity will likely take place in the first trimester of 2023, "which is both expected and desirable" to help lower inflation, he said at an event hosted by the Council on Foreign Relations in New York City. Waller added that he still believes a soft landing is possible but that he is "cautious about the inflation outlook."

Notably, Waller also stated that "a robust labor market, despite modest economic growth, is a plus for workers and allows the Fed to focus on lowering inflation" without fear of severe consequences of elevated interest rates on jobs and income.

Related News
Fed's Barkin: Makes sense to stay 'modestly' restrictive
Federal Reserve Bank of Richmond President Thomas Barkin stated on Tuesday while speaking at the Rotary Club of Richmond that it makes sense to remain "modestly restrictive" until there is more confidence that inflation is moving toward the 2% target."I recognize the fight against inflation has been long. But it is critical that we remain steadfast ... It is tempting to focus on gaming out short-term factors, but it’s hard to make significant monetary policy changes...
Fed's Barr: Realistic assessment crucial to manage crisis
Federal Reserve Board Vice Chair for Supervision Michael Barr highlighted on Tuesday that transparent external communication grounded in a realistic assessment can help stabilize markets in times of financial crisis. Addressing attendees at Yale School of Management, Barr stressed that fostering an organizational culture focused on risk reduction and crisis preparedness is crucial to minimizing the chances of a financial collapse. He further underscored...
Fed's Goolsbee: Still a lot to do to get to 2% goal
Federal Reserve Bank of Chicago President Austan Goolsbee told NPR in an interview posted on Saturday that there is still a "substantial amount of work" to be done to lower inflation to the 2% target. "We have not yet succeeded in doing that," he commented.Meanwhile, talking about the Fed's work, he reiterated that the central bank must continue to work independently from the country's sitting administration "as much as possible." "If you look around...
Fed's Musalem: Inflation expectations moved higher
Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday that inflation expectations have moved higher "notably" in the latest three months, which would make the Fed's job more challenging if it is sustained."The risk that inflation expectations could become unanchored is higher than it would be if the economy was operating with slack and if consumers and businesses had not recently experienced a period of high inflation," the central...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.