Fed Governor Waller's interest rate message

Fed Board Member Christopher Waller said he supports two more quarter-point rate hikes this year. Fed Board Member Christopher Waller said two more rate hikes are needed to bring inflation back to its target. “I see two more 25 basis point hikes within our target range over the remaining four meetings this year to keep inflation moving toward our target,” he said at an event held at New York University on Thursday. “The solid strength of the labor market and the solid overall performance of the U.S. economy give us room to tighten policy further,” Fed member Waller said.