Fed’s Waller: More Hikes Needed But Flexible About The Pace; Hikes Do Not Need To Come At Consecutive Meetings

Inflation Too High, With Ai Buildout, Ongoing Energy Shock Among A Range Of Persistent Inflationary Forces - Evidence That Economy Is Strengthening In The Second Half Of 2026 - Concerned High Inflation, Now Approaching 5-1/2 Years Above Target, Will Put Inflation Expectations At Risk - Labor Market "Solid And Stable" In September Even Though Number Of Jobs Created Was Down - Fed Communications Can Avoid The Promises Of Forward Guidance, But Still Improve Outcomes With "Signalling" To Markets About Possible Policy Choices