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2026-05-22 22:08:59
[Federal Reserve Governor Waller: Inflation Risks Mean the Fed Should No Longer Signal Rate Cuts] Federal Reserve Governor Waller said on Friday that given the growing risks of inflation, the Fed should not consider further rate cuts as a default plan. Just this January, Waller had supported rate cuts. In a speech, Waller stated that with the ongoing conflict in the Middle East, rising costs of oil and other commodities are increasingly likely to trigger broader, persistent inflation in the economy. He said that it is therefore time for the Fed to stop signaling that its next action is most likely another rate cut. Waller stated that maintaining interest rates in the current range of 3.5% to 3.75% is likely the right approach for the foreseeable future. He added, "If inflation does not subside quickly, I cannot rule out the possibility of future rate hikes."
