Fed’s Waller: rates could go ‘well above’ 4%

Christopher Waller
Christopher Waller
St Louis Fed

If inflation persists, the Federal Reserve may raise its interest rate “well above” 4%, said Fed governor Christopher Waller on September 9.

Currently the Fed’s target interest rate is 2.25–2.5%. If the three remaining Fed meetings in 2022 each released a 75 basis point hike, that would bring the interest rate well past 4% by the end of this year.

Waller said he supports a “significant increase” in the interest rate at the Federal Open Market Committee meeting on September 21. Analysts largely

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