Sunday 11 September 2022 03:52 AM Fed Governor Christopher Waller warns THIRD consecutive .75% interest rate is ... trends now
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The governor of the Federal Reserve said he's in favor of what he calls another 'significant' increase in interest rates for a third consecutive month.
Christopher Waller backed the central bank making what's known as a 75 basis-point move, or a .75 percent increase, during a speech in Austria on Friday, according to Bloomberg.
Waller, while noting inflation was still 'far too high', said: 'I support a significant increase at our next meeting on September 20 and 21 to get the policy rate to a setting that is clearly restricting demand.
His speech likely means interest rates will increase yet again on Tuesday when the monthly inflation report comes out for August 2022.
Waller's comments mean the Fed remains committed to slowing down some of the highest inflation levels in American history.
The governor of the Federal Reserve Christopher Waller (pictured) said he's in favor of what he calls another 'significant' increase in interest rates for a third consecutive month
Christopher Waller backed the central bank making what's known as a 75 basis-point move, or a .75 percent increase, during a speech in Austria on Friday, according to Bloomberg
Fed Chair Jerome
