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Fed should lift rates a full percentage point by mid-year: Waller

Federal Reserve Governor Christopher Waller on Thursday laid out the case for a "concerted" effort to rein in inflation, calling for raising interest rates a full percentage point by mid-year.

Photo: Bloomberg
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Federal Reserve Governor Christopher Waller; Photo: Bloomberg

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Federal Reserve Governor Christopher Waller on Thursday laid out the case for a "concerted" effort to rein in inflation, calling for raising interest rates a full percentage point by mid-year, starting with a half-percentage-point hike in March if data in coming weeks continues to point to an "exceedingly hot" economy.
 
"I believe appropriate interest rate policy brings the target range up to 1 to 1.25 percent early in the summer," Waller said at the University of California, Santa Barbara, Economic Forecast Project. The Fed should also start trimming its $9 trillion balance sheet "no later than" its July meeting, he

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First Published: Feb 25 2022 | 8:58 AM IST

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