Waller rules out using balance sheet as he floats 50bp hike
Fed governor also questions whether a ‘stable’ US labour market is a ‘healthy’ one
Christopher Waller has opened the door to a 50 basis point hike, the largest since 2022, at the Federal Open Market Committee’s (FOMC) next meeting.
Speaking at the Bank of England and its Watchers conference in London today (November 10), the FOMC governor said that if October’s core consumer price index inflation figure came in “around 0.3% or even higher”, hiking by only 25bp would put the Fed’s credibility at risk. He said that as things stood, he was in favour of a hike already.
When Central
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