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Waller says Fed shouldn't 'fight the last war' on inflation but warns hikes still possible
Federal Reserve Governor Waller stated that the Fed should avoid relying on past strategies for combating inflation but noted that interest rate hikes remain a possibility. He highlighted that inflation has spread beyond previously mentioned factors like energy price spikes and tariffs.
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Adjacent reporting
- A hot inflation reading this week could mean a rate hike soon, Fed’s Waller says
- Bank of England warns ‘higher inflation is unavoidable’ after leaving interest rates on hold
- Fed Governor Michelle Bowman warns against hiking interest rates because of inflation spike
- ECB’s Kocher Warns Against Preemptive Rate Action on Uncertainty
- Bank of England does not need to hike interest rates, says IMF — it may even need to cut
- Fed keeps interest rates unchanged, says hikes may be coming later this year