Fed's Waller: Committed to 2% Inflation, Avoid Over-Tightening, But Worried About Need for More Hikes
Fed Governor Christopher Waller reaffirmed his commitment to returning inflation to the 2% target while also aiming to avoid over-tightening that could trigger a recession. However, he expressed concern that tighter policy may still be necessary.
Federal Reserve Governor Christopher Waller stated his dual commitment to bringing inflation back to the 2% target and avoiding an overly aggressive tightening that could push the economy into recession.
Waller acknowledged a plausible scenario where further tightening is required, though he did not specify timing or magnitude. His remarks highlight the balancing act the Fed faces as it assesses incoming data on inflation and employment.
The comments come amid ongoing market speculation about the pace of future rate hikes. Waller's tone suggests caution but leaves the door open for additional increases if price pressures persist.
Source: First Squawk