Fed official open to slowing rate hikes

By Associated Press

Nov 18, 2022 12:06 am

WASHINGTON, D.C.: Christopher Waller, a key Federal Reserve (Fed) official, on Wednesday (Thursday in Manila) added his voice to a rising number of Fed officials who have suggested that the United States central bank is likely to slow the pace of its interest rate hikes beginning in December.

Waller, a member of the Fed's Board of Governors, said he was open to raising the central bank's key rate by a half-point next month in light of evidence that inflation might be cooling.

Christopher Waller, a member of the Federal Reserve’s Board of Governors, poses for a photo in Washington, D.C. on May 23, 2022. AP FILE PHOTO

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