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

Governor projects “significant” September hike and says it is “too early” to judge inflation drop

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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