Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the rest of the year as part of an effort to bring inflation under control. Specifically, the central bank official said he would support hikes that exceed the “neutral” level considered neither supportive nor restrictive for growth. Estimates Fed officials provided in March point to a 2.5% neutral level, so that means Waller sees rates increasing at least another 2 percentage points from here. “Over a longer period, we will learn more about how monetary policy is affecting demand and how supply constraints are evolving,” Waller said in remarks delivered in Frankfurt, Germany. “If the data suggest that inflation is stubbornly high, I am prepared to do more.”
Source: CNBC
