Fed’s Waller Endorses Extending Pause in Interest-Rate Hikes

A Federal Reserve official who has been a leading advocate over the past two years for hiking rates to slow inflation said recent progress should allow the central bank to extend a pause in rate increases at least into early next year.

Fed governor Christopher Waller said Tuesday the latest data on hiring, activity and inflation had made him “increasingly confident that policy is currently well-positioned to slow the economy and get inflation back to 2%.”

Last month, Waller highlighted a disconnect in economic data through September. Economic activity appeared to be reaccelerating at a time when inflation was slowing.

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