Fed's Waller says more rate hikes needed but flexible on pace

Federal Reserve Governor Christopher Waller says more rate hikes are needed but is flexible about the pace, saying hikes do not need to come at consecutive meetings. He cites inflation as too high and evidence the economy is strengthening in the second half, with the September labor market described as solid and stable. Waller says he is concerned high inflation, now approaching 5-1/2 years above target, will put inflation expectations at risk.

Detected & updated continuously · Source: Nebula