Federal Reserve Hawk Waller Joins Other Peers Open to Half-Point Hike

The transcript discusses the Federal Reserve's approach to interest rate hikes, with a focus on Chris Waller's evolving stance. It highlights the Fed's inability to raise rates indefinitely and the potential for a 50 basis point hike. Retail sales data and economic indicators are analyzed, showing strong numbers that support continued rate hikes. Mary Daly and Esther George provide insights into future rate projections, with concerns about inflation becoming entrenched and the possibility of a recession.

What is Chris Waller's position on the potential rate hike in December?

• He is comfortable with a 50 basis point hike.

• He prefers a 100 basis point hike.

• He wants to decrease rates.

• He is against any rate hikes.

How did the retail sales data for October influence the Fed's decision-making?

• It supported the idea of continuing rate hikes.

• It indicated a stable economic condition.

• It had no impact on the Fed's decisions.

• It suggested a need to lower rates.

What does Bloomberg Economics say about the retail sales data?

• It indicates a need for rate cuts.

• It shows no clear direction for rates.

• It supports the continuation of rate hikes.

• It suggests a pause in rate hikes.

What terminal rate does Mary Daly foresee for the first half of next year?

• 2% to 2.5%

• 4.75% to 5.25%

• 5.5% to 6%

• 3% to 3.5%

According to Esther George, what is a potential consequence of curbing inflation?

• A booming economy

• A recession

• Increased employment

• Stable inflation