Christopher Waller News

A Federal Reserve official said that the central bank is committed to bringing inflation down by reducing demand for goods and services and that it is possible to slow price growth without pushing the economy into a recession.

Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn't make the same mistakes on inflation that it did in the 1970s.

A Federal Reserve official endorsed raising interest rates by a half percentage point at the central bank’s policy meeting next month as part of a strategy to raise rates to a level designed to ease economic growth by the end of this year.

Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve Governor Christopher Waller said Wednesday.

Federal Reserve Governor Christopher Waller told CNBC on Friday that the central bank may need to enact one or more 50-basis-point interest rate hikes this year to tame inflation.

Federal Reserve governor Christopher Waller said he could support raising the central bank’s benchmark interest rate next month by a half-percentage point if economic data in the next few weeks show evidence of accelerating price pressure, adding his voice to the debate over the size of the likely increase.

The paper, first trailed by Fed chair Jerome Powell last May, is the "first step in a discussion of whether and how a CBDC could improve the safe and effective domestic payments system," says the central bank.It was supposed to be published last summer but the Fed is determined to take its time on the issue despite some countries, most notably China, forging ahead with their CBDC plans.The paper rehearses established arguments for and against a digital dollar, including in relation to faster international payments and concerns about privacy and financial stability.The Fed is now seeking public comment on more than 20 questions, with submissions accepted for 120 days.While Powell has remained noncommittal on the chances of a digital dollar, others at the Fed have been less circumspect.

A Federal Reserve official warned that the central bank would have to move interest rates up more aggressively this year if inflation stays high through the first half of the year.

Federal Reserve governor Christopher Waller said on 17 November there can be value in private money designed to match the stability of conventional currencies, and offered some views on how regulators might want to oversee and ensure the safety of this new part of the payment system.