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The Independent UK
The Independent UK
National
Christopher Rugaber

Key Fed official says he's open to slowing hikes in December

Copyright 2022 The Associated Press. All rights reserved.

Christopher Waller, a key Federal Reserve official, added his voice Wednesday to a rising number of Fed officials who have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December.

Waller, a member of the Fed's Board of Governors, said he was open to raising the Fed's key rate by a half-point next month in light of evidence that inflation may be cooling.

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