Quartz·1 min read·medium
A Fed governor warned a rate hike might be coming — but said the central bank shouldn't overreact
✦AI Summary
Federal Reserve Governor Christopher Waller indicated that a high core inflation reading could lead the central bank to consider a rate hike in July. However, he emphasized that the Fed should avoid overreacting to short-term data.
Christopher Waller said a hot core inflation reading this week could prompt the FOMC to consider tightening policy at its late-July meeting
economybusiness
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