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Fed governor signals readiness to support higher rates

Christopher J. Waller said he remains optimistic about inflation but would back higher rates if momentum stalls.

Reported · Written up by our desk · Central Banks

The New York Times reports that Federal Reserve governor Christopher J. Waller said he is optimistic about the direction of inflation.

Waller also indicated that if progress on inflation does not continue, he would support higher interest rates, signaling a potential shift in the Fed’s stance tied to incoming inflation data.

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Fed governor signals readiness to support higher rates

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