Fed's Chris Waller talks interest rates, inflation and recession
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Federal Reserve Governor Chris Waller discussed interest rates, inflation and recession fears in prepared remarks Friday.
Speaking at a conference in the Austrian capital of Vienna, Waller said he expects interest rate increases to continue until at least "early next year" as the U.S. central bank works to get inflation closer to its 2% goal.
However, he noted the Fed's "policy path" would depend on forthcoming economic data.
"Six months ago, I would not have thought that we would be where we are today, with inflation so far from our target, after significantly tightening policy with a series of large rate increases and by shrinking the balance sheet," he said.
FED'S BOSTIC SAYS GOVERNMENT SPENDING ‘SOMEWHAT OF A HEADWIND’ FOR INFLATION