Waller leaves the timing of possible increases open
Federal Reserve Governor Christopher J. Waller said that if economic data continue to come in as expected, he anticipates additional rate increases to return inflation to the Federal Reserve’s 2% goal. He said the increases need not come at consecutive meetings but should take place within an acceptable period. [1]
Waller said the views in his speech were his own and were not necessarily shared by other Federal Reserve officials. [1]
September projections pointed to at least one more increase
The Federal Reserve raised its target range by a quarter percentage point in September, to 3.75%–4.00%. Waller said 16 of the 18 participants who submitted projections expected at least one more increase across the two remaining meetings of 2026; four expected two increases. [1][2]