Fed's Waller: 1 more hike would not cause recession - Breaking The News

Fed's Waller: 1 more hike would not cause recession

5 September

1 min read

EPA-EFE/JIM LO SCALZO

United States Federal Reserve Governor Christopher Waller said on Tuesday that he does not believe that one more interest rate hike would send the economy into a recession or damage the job market. He told CNBC the current data points to a soft landing and that it "gives the Fed space" before deciding on the next monetary policy move.

Waller said that monetary policy lags are getting shorter but that he would need to see "a couple of months" worth of data to be sure the Fed could stop raising rates. However, he said the US economy will be in "pretty good condition" if inflation continues falling.

fed waller

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