Federal Reserve governor Chris Waller has suggested he would support a rate rise at the December FOMC meeting despite any indications of easing inflation in upcoming data.
Waller Backs 25 Basis Point Rise Despite Easing Inflation
In a speech to London, Waller suggested he would back a 25 basis point rise at the December meeting despite any indications of easing inflation in the October CPI data.
Federal Reserve Governor Christopher Waller says he supports an interest-rate hike in December, warning that if inflation continues to accelerate he would support a half-percentage-point increase to protect the central bank’s credibility https://t.co/3Utf25kyNw https://t.co/eqPCBhcvbl
— Bloomberg (@business) November 10, 2026
It shows that Waller will not be swayed by any one improvement in inflation as he has suggested the Fed should continue to focus on tackling inflation.
50 Basis Point Rise Could Be Supported
He also went on to suggest that if inflation turned out to be much higher than expected then a much larger rise could be supported. He said it could be necessary for the Federal Open Market Committee to take a more aggressive approach. This could include a 50 basis point rise.
Speech by Governor Waller on the economic outlook @KingsCollegeLon: https://t.co/6oXoNGIpg3
Watch live: https://t.co/S7emO2OC6t
Learn more about Governor Waller: https://t.co/x9pLY09PF9— Federal Reserve (@federalreserve) November 10, 2026
Why The Crypto Markets Are Paying Attention
These comments are particularly important as they affect the cost of borrowing, market conditions and investors appetite for riskier assets. Cryptocurrencies often react to changes in the expectations around Fed monetary policy. Higher interest rates can make fixed income assets more attractive but take away liquidity from risk assets.
Overall, Waller’s comments have added another key factor to consider ahead of the December FOMC meeting as investors will be looking at upcoming inflation data and comments from other policymakers to see if the Fed are looking to tighten further.
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