Fed's Waller says strong case for a 50bp hike in March if data exceedingly hot

• far too early to judge how Ukraine conflict will affect world or US economy
• need 'concerted action' to rein in 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
• US rates should be increased a full percentage point by middle of this year
• 'strong case' for half-point hike in March if incoming data indicates economy still exceedingly hot
• in wake of Ukraine attack, it's possible a more modest tightening is appropriate
• fed should start trimming balance sheet no later than at July meeting
• caps on balance sheet runoff should be large
• do not see the need for asset sales anytime soon; MBS sales could be considered down the road
• would support having no caps on MBS redemptions
• I believe we have met the Fed's maximum employment goal
• 'far too high' inflation is 'alarming,' fed needs to 'act promptly'
• expect u.s. economy to continue expanding at healthy rate
• supply bottlenecks, labor shortages to diminish later this year
• hopeful that with appropriate monetary policy, inflation will come down significantly by year end

Headlines via Reuters.

This detail:

• “If tomorrow’s PCE inflation report for January, and jobs and CPI reports for February indicate that the economy is still running exceedingly hot, a strong case can be made for a 50-basis-point hike in March."

Waller tends towards the more hawkish (or less dovish) end of the FOMC spectrum As a member of the Board he has a vote.

Bullard has also said he supports a 1% point bump in the benchmark rate by mid-tear.