English
Important statements from the US Federal Reserve, which strengthen the rise of gold
Federal Reserve Governor Christopher Waller said a while ago, Tuesday, that he has become more confident that monetary policy as it currently stands can bring inflation under control.
There was nothing in Waller's prepared remarks during a speech in Washington, D.C., to suggest he was considering cutting interest rates, and he also noted that inflation currently remains too high. But he pointed to a variety of areas where progress has been made, suggesting that the Fed at least will not need to raise interest rates further than the current rate.
The comment comes two weeks before the Federal Open Market Committee's monetary policy meeting to set interest rates on December 12-13. Markets largely expect the committee to keep the key lending rate steady, but Fed officials stressed the importance of keeping their options open.
During the central bank's ongoing battle against inflation, Waller has been one of the most hawkish members, meaning he favors tighter monetary policy and higher interest rates.
