Fed's Waller Supports Rate Hike in December

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Federal Reserve Governor Christopher Waller said he supports an interest-rate hike in December, and warned that if inflation continues to accelerate he would support a half-percentage-point increase to protect the central bank’s credibility. “If inflation comes in substantially higher than I expect, more robust action by the FOMC may be called for,” Waller said at the Bank of England and Its Watchers event. (Source: Bloomberg)