Federal Reserve Governor Christopher Waller said the U.S. economy could handle aggressive policy tightening as he reiterated support for raising interest rates by a half point next month.
“I prefer a front-loading approach. So a 50 basis-point hike in May would be consistent with that and possibly more in June and July.” Waller said in an interview with CNBC Television on Wednesday. “We want to get above neutral certainly by the later half of this year and we need to get closer to neutral as soon as possible.”
