finance
Fed Governor Says Rate Hike Must Be Considered If Inflation Data Is Hot
Federal Reserve Governor Christopher Waller said the central bank should weigh raising interest rates if inflation readings come in hot this week. The comments came as the US and Iran resumed fighting.
Jul 13, 6:39 PM·1m read1 source
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Federal Reserve Governor Christopher Waller said Monday that the central bank must consider raising interest rates if inflation data this week comes in hot. “Sternly staring at inflation until it melts before our withering gaze is not an option,” Waller stated. Semafor reported the remarks against the backdrop of renewed fighting between the US and Iran.
The comments reflect pressure on monetary policymakers from both geopolitical tensions and persistent price pressures. ING Think analysts said another hike in energy prices keeps the prospect of a US rate increase alive. Barclays noted that US inflation has proven sticky in part because the AI boom has pushed up prices for electricity, computer software, and gadgets.
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