Economy

Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation

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Christopher Waller testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on their nomination to be member-designate on the Federal Reserve Board of Governors on February 13, 2020 in Washington, DC.

Sarah Silbiger | Getty Images

Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the rest of the year as part of an effort to bring inflation under control.

Specifically, the central bank official said he would support hikes that exceed the “neutral” level considered neither supportive nor restrictive for growth.

Estimates Fed officials provided in March point to a 2.5% neutral level, so that means Waller…



Source cnbc.com

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