# Fed's Waller Favors December Rate Hike, Floats Larger Move

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/53959
Published: 2026-11-11T12:45:52.000Z
Updated: 2026-11-11T12:45:52.000Z
Section: Regulation

> A monthly core CPI reading around 0.3% or higher would put a half-point increase on the table, he said.

Fed Gov. Christopher Waller said Nov. 10 that he favors raising interest rates by 25 basis points in December, even if October inflation cools as expected, and would consider a 50-basis-point increase if core prices remain firm.

Waller said a monthly core consumer price index reading around 0.3% or higher would put the larger move under consideration. The October CPI report had not been released when he spoke; it was scheduled for later that morning, at 8:30 a.m. ET.

He also warned that falling crude prices may not quickly lower diesel costs because damaged refining capacity limits how fast crude can be turned into fuel. Higher energy costs can feed into prices for other goods and services, even though core inflation excludes food and energy.

Waller’s comments set out his policy preference; the Federal Open Market Committee has not made a December rate decision.