Fed's Waller says he supports 'another signficant hike' this month

• Inflation is far too high
• Fears of a recession have faded, robust US labor market is giving us the flexibility to be aggressive in our fight against inflation
• It's too soon to say whether inflation is moving meaningfully and persistently downward
• Size of future rate hikes should depend on date
• I expect that getting inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term to fall meaningfully and persistently toward our 2 percent target will require hikes "until at least early next year"
• If path of economy falls mirrors SEP says he would support peaking rates near 4%
• Full text

This sounds like an endorsement of 75 bps. Here's the key line:

"Looking ahead to our next meeting, I support another significant increase in the policy rate. But, looking further out, I can't tell you about the appropriate path of policy."

He's also cooling the path of rates further out, or at least adding some two way risks.

"We shouldn't be estimating what the peak level of the target range will be and how quickly we will get there, because those details are much more dependent on what new economic data Economic Data Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Read this Term tell us than was the case when the only direction for the federal funds rate to go was up—and up by a lot."

He added to this that he expects hikes to continue but said that if the economy follows the path of the Fed's forecast, he would support a peak near 4% though says he doesn't have great confidence in that forecast. He also said if inflation "suddenly decelerates" then the peak could be below 4%.

Another key line:

"I support another significant hike in two weeks. After that, the tightening path will continue until we see clear and convincing evidence that inflation is moving meaningfully and persistently down to our 2 percent target."

I think this -- and Brainard -- represents the nuanced views of the Fed more accurately than the hawkish comments from Powell.