FED'S WALLER CALLS FOR RATE HIKES TO FIGHT INFLATION Fed Governor Christopher Waller says interest rates need to rise to put downward pressure on inflation, warning that monetary policy has been less restrictive than he previously believed. A 0.3% October CPI increase would signal inflation moving further from the Fed's target and could require more aggressive action. Waller also warns that AI-driven productivity gains remain years away and says sharp stock-market moves generally do not influence his rate decisions.(彭博社)