“I am in favor of another rate hike of 75 basis points (bps) in July,” Federal Reserve Governor Mr. Christopher Waller, as reported by Reuters. Waller also noted that she could lean toward a higher rate hike if retail and home sales data are stronger than expected.
Additional statements
“I expect rate hikes to continue after July at a pace that will depend on incoming data.”
“After July, further increases will restrict demand.”
“I expect policy to be tight until there is a sustained reduction in core PCE inflation.”
“A soft landing is very plausible, based on a strong job market, a recession can be avoided.”
“Until I see a significant moderation in underlying prices, I support more rate hikes.”
“The Fed is now, and should be, fully focused on fighting inflation.”
“The US labor market is very strong, the data shows no weakening.”
“Inflation is too high, we are far from our goal of stable prices.”
“The June inflation report was a major league disappointment.”
“There are signs of a slowdown in economic activity, but we are not convinced that it will hurt the labor market.”
“The causes of inflation do not affect the focus of policy.”
“The financial market’s response to the Fed’s actions shows that the Fed maintains its credibility.”
“With inflation this high, it makes sense to tighten policy earlier.”
market reaction
The dollar index fell from multi-decade highs it hit earlier in the day following these comments, but was last seen up 0.7% on the day at 108.80.
Source: Fx Street
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