Waller: High Inflation, Robust Economic Expansion

On September 17, Federal Reserve Chairman Waller stated that the Federal Open Market Committee decided to raise interest rates by 25 basis points. He noted that inflation remains high, but economic activity is expanding at a robust pace, with key economic indicators improving in recent months. Waller emphasized that this rate hike was made against the backdrop of an economy that seems to be strengthening, and pointed out that financial conditions are not restrictive, a view widely shared within the FOMC.

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