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Fed's Waller says very high bar to hike rates again

Michael S. Derby

By Michael S. Derby

NEW YORK, March 27 (Reuters) - Federal Reserve Governor Christopher Waller said on Wednesday the prospect of a Fed interest rate rise is very remote.

With the Fed now weighing rate cuts, “something would really have to dramatically change on the inflation front to think about” moving the federal funds rate higher, Waller said while answering questions at an event held by the Economic Club of New York. (Reporting by Michael S. Derby; Editing by Leslie Adler)