Fed’s Waller may support 75bp July rate hike

Fed Governor Christopher J. Waller has said he will support another 75bp rate hike in July if the data justifies it.

Speaking at the “Monetary Policy at a Crossroads,” panel discussion hosted by the Dallas Society for Computational Economics, Dallas, Texas on June 18th, Waller said in reference to last week’s 75bp rate hike by the Fed, “in my view, and I speak only for myself, if the data comes in as I expect I will support a similar-sized move at our July meeting”.