The Latest Breaking News from Christopher Waller

Washington (AFP) - US job gains slowed slightly in September, offering some good news for the Federal Reserve as it works to cool the economy, but official data released on Friday also showed wages continued to rise, underlining the challenge to tamping down rampant inflation.

Washington (AFP) - Hiring in the US economy slowed slightly in September, as expected, while the jobless rate ticked back down to the same level as July, the government reported Friday.

Washington (AFP) - The United States will require further interest rate hikes in order to cool the world's largest economy and rein in high prices, Federal Reserve Governor Lisa Cook said Thursday.

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.

Inflation eased slightly in August thanks to falling gasoline prices, but the cost of many essentials continues to climb, including soaring power bills that are straining family budgets.

Washington (AFP) - US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession.

Major coins, including Bitcoin, traded in the green at press time on Thursday, as the global cryptocurrency market cap rose 2.8% to $925.2 billion.

Once again, stocks rallied off lows, as hawkish Fed members took a dovish tone. But it's a tough market. Tesla rival BYD jumped on guidance.

Christopher Waller, a member of the Federal Reserve’s Board of Governors, said Thursday that he would be open to supporting a huge 1 percentage point increase in the Fed’s key short-term interest rate later this month if upcoming economic data points to robust consumer spending

Federal Reserve chairman Jerome Powell is raising interest rates at the fastest pace since the 1980s. That has been easy so far because rates are low and the economy has been strong.

New York (AFP) - Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard said Friday.