Federal Reserve Governor Christopher Waller said he’s willing to consider what would be the most aggressive interest rate hike in decades at the central bank’s meeting later this month. While Waller said he supports a 75 basis point hike at the July 26-27 meeting, he will be watching data and keeping an open mind about what the Fed should do to control inflation, which is running at its fastest pace since 1981. … If that data comes in materially stronger than expected, it would make me lean towards a larger hike at the July meeting to the extent it shows demand is not slowing down fast enough to get inflation down.”
Source: CNBC – Bonds
