{"id":609309,"date":"2021-08-03T08:06:01","date_gmt":"2021-08-03T12:06:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=609309"},"modified":"2021-08-03T08:06:02","modified_gmt":"2021-08-03T12:06:02","slug":"fed-governor-hints-at-raising-interest-rates-this-fall","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-governor-hints-at-raising-interest-rates-this-fall\/","title":{"rendered":"Fed Governor Hints At Raising Interest Rates This Fall"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffed-governor-hints-at-raising-interest-rates-this-fall%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=609309&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1232667812.jpg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<p><span>Federal Reserve Board of Governors member Christopher Waller hinted that the central bank may begin tapering its aggressive quantitative easing.<\/span><\/p>\n<p><span>As <\/span><a href=\"https:\/\/www.dailywire.com\/news\/fed-will-not-cut-back-monetary-stimulus-despite-rising-inflation\"><span>The Daily Wire<\/span><\/a><span> reported, the Federal Reserve has repeatedly decided that it would not amend its near-zero interest rate target and $120 billion monthly bond purchases \u2014 both of which are meant to increase the money supply in order to encourage economic activity \u2014 despite an inflation rate that has risen throughout much of 2021.<\/span><\/p>\n<p><span>In an interview with CNBC\u2019s \u201c<\/span><a href=\"https:\/\/www.cnbc.com\/2021\/08\/02\/fed-governor-waller-sees-reduction-in-bond-purchases-possibly-starting-in-october.html\"><span>Squawk Box<\/span><\/a><span>,\u201d however, Waller \u2014 one of the seven economists in charge of managing American monetary policy \u2014 implied that the stimulus has attained its objective of promoting recovery after COVID-19 and the lockdown-induced recession.<\/span><\/p>\n<p><span>\u201cIn my opinion, that\u2019s substantial progress and I think you could be ready to do an announcement in September,\u201d he explained, adding that if the next two jobs reports \u201ccome in as strong as the last one, then I think you\u2019ve made the progress you need.\u201d If they do not, \u201cthen you\u2019re probably going to have to push things back a couple months.\u201d<\/span><\/p>\n<p><span>Waller noted that the Fed ought to raise rates in case additional monetary stimulus is necessary next year.<\/span><\/p>\n<p><span>\u201cIn my view, with tapering we should go early and go fast in order to make sure we\u2019re in position to rate rates in 2022 if we have to,\u201d he said. \u201cI\u2019m not saying we would, but if we wanted to, we need to have some policy space by the end of the year.\u201d<\/span><\/p>\n<p><span>Though Waller believes that inflation is largely driven by enduring COVID-era supply shortages, he is worried that inflation will remain high since businesses have been able to retain their margins by passing costs on to consumers.<\/span><\/p>\n<p><span>\u201cMy concern is just anecdotal evidence I\u2019m hearing from business contacts, who are saying they\u2019re able to pass prices through. They fully intend to. They\u2019ve got pricing power for the first time in a decade,\u201d he explained. \u201cThose are the sorts of issues that make you concerned that this may not be transitory.\u201d<\/span><\/p>\n<p><span>In contrast, President Biden brushed off <\/span><a href=\"https:\/\/www.dailywire.com\/news\/thanks-to-inflation-american-wages-drop-by-nearly-2\"><span>worries<\/span><\/a><span> about long-lasting inflation in a recent speech and emphasized its purported transitory nature:<\/span><\/p>\n<blockquote readability=\"16\">\n<p><i><span>We also know that as our economy has come roaring back, we\u2019ve seen some price increases.&nbsp; Some folks have raised worries that this could be a sign of persistent inflation. But that\u2019s not our view. Our experts believe and the data shows that most of the price increases we\u2019ve seen are \u2014 were expected and expected to be temporary.<\/span><\/i><\/p>\n<p><i><span>Now, I want to be clear: My administration understands that if we were to ever experience unchecked inflation over the long term that would pose real challenges to our economy.&nbsp; So while we\u2019re confident that isn\u2019t what we are seeing today, we\u2019re going to remain vigilant about any response that is needed.&nbsp;<\/span><\/i><\/p>\n<\/blockquote>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Board of Governors member Christopher Waller hinted that the central bank may begin tapering its aggressive quantitative easing.As The Daily Wire reported, the Federal Reserve has repeatedly decided &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-609309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/609309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=609309"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/609309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=609309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=609309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=609309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}