Fed’s Waller says US economy can handle half-point rate hikes

WASHINGTON: Federal Reserve (Fed) governor Christopher Waller says the United States economy can handle aggressive policy tightening, as he reiterates support for raising interest rates by a half point next month.

“I prefer a front-loading approach. So a 50-basis point (bps) hike in May would be consistent with that and possibly more in June and July,” Waller said in an interview with CNBC Television.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Wall St set for slight rebound with focus on Fed speakers, economic data
Govt should institute bolder tax reforms to meet deficit target
Ringgit ends slightly higher tracking the positive equity market
Chin Hin triggers MGO after raising stake in Ajiya
ITMAX wins RM111.2mil smart city contract in Johor
PETRONAS, MOL and MISC to jointly develop LCO2 carriers for CCS projects
FBM KLCI snaps losing streak, up 2.02 points
Asian FX range-bound; Indian rupee rises on JPMorgan index inclusion
BOJ keeps ultra-loose policy, dovish guidance on outlook
Bank Negara international reserves amount to US$111.5bil as at Sept 15, 2023

Others Also Read