Fed governor Christopher Waller endorsed raising interest rates by a half-point at the central bank’s policy meeting next month, saying the economy can weather higher borrowing costs
The Federal Reserve's main tool for managing the economy is to change the federal funds rate, which can affect not only borrowing costs for consumers but also shape broader decisions by companies like how many people to hire. WSJ explains how the Fed manipulates this one rate to guide the entire economy.
“We’re in a position where the economy is strong. This is a good time to do kind of aggressive actions because the economy can take it,” Fed governor Christopher Waller said during an interview Wednesday on CNBC.
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