Federal Reserve Governor Backs Another Big Rate Hike for ‘All In’ Inflation Fight

Federal Reserve Governor Backs Another Big Rate Hike for ‘All In’ Inflation Fight
Christopher Waller testifies before the Senate Banking, Housing, and Urban Affairs Committee during a hearing on his nomination to be member-designate on the Federal Reserve Board of Governors, in Washington, on Feb. 13, 2020. Sarah Silbiger/Getty Images
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Federal Reserve Governor Christopher Waller on Saturday became the latest U.S. central banker to pledge a whatever-it-takes approach to fighting inflation, three days after the Fed raised interest rates by three-quarters of a percentage point and signaled more hikes to come.

“If the data comes in as I expect, I will support a similar-sized move at our July meeting,” Waller told a Society for Computational Economics conference in Dallas. “The Fed is ‘all in’ on re-establishing price stability.”