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 factors are influencing the Federal Reserve's approach to rate hikes?

What does Mary Daly suggest about the terminal rate for interest rates?