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21.07 - 18:01
Fed’s Christopher Waller Supports Another 0.75-Point Rate Rise in July
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A top Federal Reserve official said he would support raising the benchmark interest rate by 0.75 percentage point at the central bank’s July 26-27 meeting as part of an effort to raise rates quickly to levels designed to slow the economy in order to combat high inflation.
“Inflation is just too high and doesn’t seem to be coming down,” said Fed governor Christopher Waller during a webinar on Thursday. “We need to move to a much more restrictive setting in terms of interest rates and policy, and we need to do that as quickly as possible.”
Read more on wsj.comAbout this in other media
Half-point interest rate rise ‘on the table’ next month, says Bank of England chief theguardian.com /2 years ago
Fed Officials Preparing to Lift Interest Rates by Another 0.75 Percentage Point wsj.com /2 years ago
Aussie FPA supports 'crypto rule book' and regulation of exchanges cointelegraph.com /2 years ago
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