Fed’s Waller says federal funds rate should rise soon after QE ends
Fed governor hints at tighter policy and offers lessons from the pandemic
Federal Reserve governor Christopher Waller has said the federal funds rate will need to rise soon after the Fed ends its asset purchase programme.
Speaking at the Forecasters Club of New York, Waller outlined the broad strokes of how he believes the Fed will approach policy early next year. “Given my expectations for inflation and labour market conditions, I believe an increase in the target range for the federal funds rate will be warranted shortly after our asset purchases end,” he said
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