Fed’s Waller: Prefers a 50 bps rate hike in May, Possibly more in June and July

Fed board of governor’s member Christopher Waller said on Wednesday that he supports a 50-bps rate hike at the upcoming May Fed meeting, and possibly more hikes of the same margin at the June and July meetings.

It is completely feasible to avert a recession. Data supports 50bps rate hikes – prefers 50bps rate hike in May, possibly more in June and July, Fed wants to get to above neutral by later half of this year.