Fed Governor Christopher Waller said Tuesday that he does not think further interest rate increases will be necessary.
by Jeff Cox
CNBC.com
Federal Reserve Governor Christopher Waller, citing a string of data showing that inflation appears to be easing, said Tuesday that he does not think further interest rate increases will be necessary.
However, the policymaker added he will need some convincing before he backs cuts anytime soon.
“Central bankers should never say never, but the data suggests that inflation isn’t accelerating, and I believe that further increases in the policy rate are probably unnecessary,” said Waller, who has recently been hawkish, meaning he supports tighter monetary policy.
The comments came in prepared remarks for an appearance before the Peterson Institute for International Economics in Washington.