Federal Reserve Governor Christopher Waller spoke in a TV interview, headlines here:
- Fed's Waller says US jobs market has not quite come back to pre-COVID
- More from Fed's Waller - inflation to be above target for the next few months
Reuters headline their recap with "does not rule out 2022 rate hike" and that's not just a piece of clickbait, Waller said:
- "The unemployment rate would have to drop fairly substantially, or inflation would have to really continue at a very high rate, before we would take seriously a rate hike in 2022, but I'm not ruling it out,"
Bolding mine.
Seems unlikely where we are right now, but there are 18 months until the need of 2022 so I think its only reasonable he cannot rule it out. Stranger things have happened.
