Fed Governor Waller: Will Back a 25 Basis Point Rate Hike Next Month, 50 bps if Necessary

November 10 — Federal Reserve Governor Waller said in his latest remarks: "The Fed will need to tighten policy further. US inflation is too high, and the September inflation data were terrible. I am especially concerned that price increases are becoming broad-based. Even if October CPI improves from September, I will still support a 25 basis point rate hike in December. If October core CPI comes in at around 0.3% or higher, the Fed may need to raise rates by 50 basis points in December."