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Fed Governor Christopher Waller Not Rule Out 50 bps Rate Hike in Dec
2026-11-10 17:29:44 Federal Reserve Governor Christopher Waller said on Tuesday that the central bank needs to follow through on expectations for further rate hikes or face credibility risks, and indicated that a 50 bps rate hike may be needed in December. Speaking in London, Waller said that even if October inflation data comes in softer than expected, he is inclined to support a rate hike in December. If the data exceeds forecasts, he would support more forceful action. Under such circumstances, a 50 bps rate hike at the December meeting should be considered, Waller said. Raising rates by only 25 bps would put the Fed's credibility at risk, a risk he is unwilling to take. Waller noted that the Fed's communications before and during the October meeting had already led markets to price in further rate hikes. He added that the key is ultimately implementing the rate hikes, even if they are not carried out consecutively. Higher interest rates are needed, and sooner rather than later, he opined. While the exact timing of hikes is not critical, ensuring that promised hikes are implemented within a reasonable timeframe is very important. ~ AASTOCKS Financial News Website: www.aastocks.com | |