Fed rate-setters differ over US labour pressures

Federal Reserve

Two US Federal Reserve rate-setters, Lael Brainard and Christopher Waller, have agreed the US economy may avoid a recession, but differ over labour market pressures on inflation.

Board of governors member Waller said in a speech on January 20 that he favoured a 25-basis-point rate hike at the next Federal Open Market Committee meeting.

Beyond that hike, he warned there was still “a considerable way to go toward our 2% inflation goal”. The next FOMC meeting is set for January 31 and February 1

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