The U.S. Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a “softening” in its commitment to lower inflation, Federal Reserve Gov. Christopher Waller said on Sunday. | Reuters
The 7.7 percent annualized increase in inflation recorded in October is still “enormous,” Waller said, noting that even if the Fed scaled back from three quarter point increases to a half point increase at its next meeting, “you’re still going up.”
The Fed has raised rates a total of 3.75 percentage points this year beginning in March, including four three quarter point increases, a rapid shift in monetary policy aimed to cool the worst surge of inflation since the 1980s.
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