Fed board member opens door to 1-point rate hike if demand rises
Fed board member opens door to 1-point rate hike if demand rises
Christopher Waller, a member of the Federal Reserve’s Board of Governors, said Thursday that he would be open to supporting a huge 1 percentage point increase in the Fed’s key short-term interest rate later this month if upcoming economic data points to robust consumer spending.
Such an increase would mark a further ramping up of the Fed’s rate hikes as it intensifies its fight against…