Waller supports a half-point rate hike in upcoming meetings

Federal Reserve Governor Christopher Waller said the Fed should be prepared to raise interest rates by half a percentage point at each meeting from now on until inflation is decisively curbed. "If inflation doesn't go away, the rate will go up a lot and soon, we're not going to sit there and wait for six months," Waller said after a speech at the Institute for Monetary and Financial Stability in Frankfurt, Germany. I see no point in stopping." Waller added that he is optimistic that a strong labor market can deal with higher rates without a significant increase in unemployment, stressing that "if we can raise the unemployment rate to only 4.25%, I will consider that a brilliant performance." The unemployment rate is currently