Fed Governor Waller Signals Potential 50bps December Hike, Prioritizes Credibility

Federal Reserve Governor Christopher Waller said Tuesday the central bank needs to follow through on expectations for additional interest rate hikes or risk its credibility, even suggesting that a larger-than-usual half-percentage-point increase could be warranted in December.

Speaking in London, the policymaker said he “is leaning toward” a rate increase in December even if the October inflation data comes in softer than expected — and would support “more robust action” if readings come in hig