Fed Governor Waller says half-point rate hikes could be needed as ‘inflation is raging’

  • Fed Governor Christopher Waller told CNBC that the central bank may need to enact one or more half-percentage point rate hikes in the months ahead.
  • “Inflation is raging,” he said, as he pushed for aggressive moves that include balance sheet reduction soon.
  • Federal Reserve Governor Christopher Waller told CNBC on Friday that the central bank may need to enact one or more 50 basis point interest rate hikes this year to tame inflation.

    Though he voted this week for just a 25 basis point move due to uncertainty from the Russian invasion of Ukraine, Waller said he thinks the Fed may need to be more aggressive soon.