Fed's Waller says higher rates possibly needed in 'near term'

Posted on July 13, 2026
By Business News Today
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In brief

Federal Reserve Governor Christopher Waller has indicated that the central bank may pursue additional interest rate increases if inflation persists above target levels. With domestic price pressures expanding and potential volatility in energy markets posing risks, the Fed faces mounting pressure to maintain its restrictive stance. These comments underscore the ongoing tension between supporting economic growth and achieving the institution's 2% inflation objective, leaving policymakers navigating a challenging monetary landscape.

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Fed's Waller says higher rates possibly needed in 'near term'

Federal Reserve Governor Christopher Waller signalled that interest rates may need to rise in the near term if inflation remains elevated. He warned that broadening price pressures and a potential surge in energy costs could delay progress toward the 2% target, keeping the Fed at a critical policy crossroads.