Fed Governor Christopher Waller said in a speech at an event in New York that they could reduce the rate of interest rate hikes at the meeting to be held on February 1.
However, stating that it is too early to declare victory in inflation, Walker said, “Looking at the data, we will experience some turbulence. That’s why I’m in favor of a 25 basis point increase at the next meeting. We still have a long way to go to reach our goal. I support the continuation of the cash tightening.”
Waller also mentioned that a soft landing is possible in economics.
Kansas City Fed Leader Esther George, on the other hand, pointed to the service branch in an interview with Bloomberg, adding that the Fed should be “patient” to see if price pressures are relieved.
“Inflation is still well above our target,” said George, who is preparing to resign at the end of this month. The area that I follow is the service sector and whether the inflationary pressures there continue. We must be patient to realize that we are on track with the truth and to reach our 2 percent goal.” spoke form.
