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Fed governor says bigger rate hike may be needed to tame inflation, in contrast with Powell
Fed following ‘aggressive’ rate hikes, may ‘lead to recession’: Kyle Bass
Hayman Capital Management founder and CIO Kyle Bass argues if the Federal Reserve follows an ‘aggressive hiking regime into oil price spike,’ it may lead to recession.
Federal Reserve Governor Christopher Waller said Friday the U.S. central bank should consider enacting a half-point interest rate hike at some point this year and begin unwinding the balance sheet by July in order to combat "raging" inflation.
Waller, during an interview on CNBC, said he believes the Fed needs to "front-load" interest-rate increases, although he voted for a 25-basis-point move this week due to uncertainty from the Russian invasion of Ukraine.
FED RAISES INTEREST RATES FOR FIRST TIME IN 3 YEARS, PROJECTS 6 MORE HIKES AS INFLATION SURGES
"The data is basically screaming at us to go 50, but the geopolitical events were telling you to go forward with caution," he said, adding: "Going forward that will be an issue whether to think about going 50 in the next couple of meetings or not. But the data certainly seem to suggest that we move in that direction."