Federal Reserve Governor Waller: Does Not Believe It Is Necessary to Consider a Rate Hike

Gate News Report, March 20 — Federal Reserve Board Member Waller stated on March 20 that if oil prices remain high for several months, it will eventually feed into core inflation (the inflation indicator excluding food and energy prices). Currently, being cautious does not mean remaining inactive for the rest of the year. Waller said he does not believe there is a need to consider raising interest rates. If employment remains weak, he will advocate for rate cuts later this year, preferring to observe how the situation develops before making a decision.

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