Fed's Waller Now Says Rate Increases Are Possible

Fed Governor Christopher Waller said he cannot rule out voting to raise interest rates if inflation does not slow soon, warning that inflation is not headed in the right direction. The comments signal a more hawkish Fed stance and keep pressure on rate expectations and Treasury yields. The remarks were delivered in a speech in Germany.

Analysis

Fed Governor Christopher Waller said he cannot rule out voting to raise interest rates if inflation does not slow soon, warning that inflation is not headed in the right direction. The comments signal a more hawkish Fed stance and keep pressure on rate expectations and Treasury yields. The remarks were delivered in a speech in Germany.