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Fortune
Fortune
Swati Pandey, Bloomberg

Fed’s Waller warns inflation fight isn’t over, interest rates will ‘keep going up’ despite prices cooling by more than expected

(Credit: Andrew Harrer—Bloomberg via Getty Images)

Federal Reserve Governor Christopher Waller said “we’ve still got a ways to go” before the US central bank stops raising interest rates, despite good news last week on consumer prices.

At the same time, policymakers can start considering whether to downshift their speed after four straight hikes of 75 basis points, and the Fed is considering a 50 basis-point hike at the next meeting in December or the one after that, Waller said.

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