Fed's Waller Says 50 bps Hike May Be Needed to Protect Credibility

Fed Governor Christopher Waller told the Bank of England Watchers Conference in London on Tuesday that elevated inflation has put the central bank's credibility at stake and a 50 basis point hike may be necessary to safeguard it. Waller and Dallas Fed President Lorie Logan signaled readiness to hike higher and faster, with 50 bps on the table for December.