Federal Reserve governor Christopher Waller—an early supporter of rapid rate increases last year—said he would support a slower pace of increases at the Fed’s next meeting, cementing expectations of a quarter-percentage-point rate rise on Feb. 1
Federal Reserve Chair Jerome Powell in mid-December announced an interest-rate increase of 0.5 percentage point and said the Fed expects that more rises will be appropriate.
Photo: Al Drago/Bloomberg NewsA Federal Reserve official said Friday he would support a slower pace of interest-rate increases at the central bank’s next meeting,Fed governor Christopher Waller, who was an early supporter of rapid rate increases last year, said the economy and the outlook for inflation were evolving in a way that would allow the central bank to continue slowing the pace of rate rises. The Fed raised rates by 0.
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