PANews: Waller says prior precautionary rate cuts need to be reversed, but rates will not be raised by 150 or 200 basis points
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AT A GLANCE
PANews reported that Waller said the prior precautionary rate cuts need to be reversed at a minimum, but rates will not be raised by 150 or 200 basis points.
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Federal Reserve Governor Waller: We are not super hawkish and will not raise rates by 150 or 200 basis points
PANews November 10 reported that Federal Reserve Governor Waller said: “We need to at least take back the precautionary rate cuts we made earlier. We are not super hawkish; we just don't want to deal a severe blow to the economy or cause it to decline sharply. We are not going to raise rates by 150 or 200 basis points.”
PANews reported on November 10 on remarks by Federal Reserve Governor Waller.
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Waller said: “We need to at least reverse the prior precautionary rate cuts.”
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Waller said policymakers were not super hawkish and did not want to deal a severe blow to the economy or cause it to decline sharply.
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Waller said rates would not be raised by 150 or 200 basis points.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The remarks express both support for reversing prior rate cuts and a limit on the size of rate hikes. The original report refers to prior rate cuts but does not specify the size of each cut or a timetable for reversing them, so the total amount of rate hikes cannot be calculated from it.
Why it matters to readers
Understanding this report requires retaining both points: Waller advocates reversing the prior rate cuts and also explicitly ruled out rate hikes of 150 or 200 basis points.
Do not directly convert the “ rate cuts” into a specific rate hike figure or treat these remarks as an announced interest rate decision.
Risks and unknowns
The evidence provides only a media account and a link, not a complete original transcript of the remarks.
The report states only November 10, and the body does not specify the year.
The specific size of the prior rate cuts, the method of reversing them, and the timetable were not specified.
150 The specific time frame corresponding to 200 or basis points was not specified.
The evidence does not include a formal interest rate decision or a market price reaction.
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Related concepts
Precautionary rate cuts
This term is not in the glossary yet. Browse related concepts in the glossary.
