Elena Nikulina

Annmarie Hordern: Further rate hikes possible as data support inflation goal

Annmarie Hordern: Further rate hikes possible as data support inflation goal
Waller allows flexibility in rate hike timing

Annmarie Hordern reports that Governor Waller anticipates more interest rate hikes if economic data continue to align with expectations. Waller explained that upcoming increases would support a quicker return of inflation to the 2 percent target, but stated that there is flexibility on the timing of these hikes and they do not need to be consecutive.

Stanley Druckenmiller recently criticized Federal Reserve officials for describing fed funds rates as restrictive during a New York conference, according to Hordern's report. Annmarie Hordern has also noted that years of low yields since the 2008 crisis established a psychological anchor for market participants in a separate article. These prior events frame the debate over the Fed’s current rate policy and expectations.

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