×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: federal reserve bank | interest rate hikes | inflation | recession | board member christopher waller

Fed Must be Aggressive on Rate Hikes: Waller

Fed Must be Aggressive on Rate Hikes: Waller
Christopher Waller, member, Board of Governors, Federal Reserve System (AP)

Thursday, 07 July 2022 02:17 PM EDT

The U.S Federal Reserve needs to maintain focus on bringing down high inflation even if it runs the risk of causing economic harm, Fed Governor Christopher Waller said Thursday.

"We're going to get inflation down. That means we are going to be aggressive on rate hikes and we may have to take the risk of causing some economic damage, but I don't think given how strong the labor market is right now that that should be that much," Waller said during a discussion with the National Association for Business Economics.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S Federal Reserve needs to maintain focus on bringing down high inflation even if it runs the risk of causing economic harm, Fed Governor Christopher Waller said Thursday.
federal reserve bank, interest rate hikes, inflation, recession, board member christopher waller
90
2022-17-07
Thursday, 07 July 2022 02:17 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved