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Federal Reserve Governor Christopher Waller is scheduled to speak before the Council on Foreign Relations in New York at 1 p.m. Friday. Afterwards, CNBC’s Steve Laisman will moderate the question-and-answer session.
Waller’s remarks are the last from Fed officials before they enter the Jan. 31-Feb. 1 policy meeting. Markets widely expect the rate-setting Federal Open Market Committee to raise its benchmark interest rate one and a quarter percentage pointsTaking it to the target range of 4.5%-4.75%.
Other Fed officials have said in recent days that they think rates are still needed to rise, but in smaller increments than the 4.25 percentage point hike the fed funds rate is aiming for in 2022.
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