[Waller: Inflation Remains Elevated, but Economic Activity is Expanding at a Robust Pace] BlockBeats News, September 17, Federal Reserve Chairman Waller stated that the Federal Open Market Committee has decided to raise interest rates by 25 basis points. He noted that inflation remains elevated, but economic activity is expanding at a robust pace, with key economic indicators improving in recent months. Waller mentioned that this rate hike was made against the backdrop of what appears to be a strengthening economy. He also pointed out that financial conditions are not restrictive, a view widely shared within the FOMC.