Federal Reserve Governor Christopher Waller says he supports raising US interest rates in December, citing concerns about inflation and the Fed’s credibility. Speaking at the Bank of England and its Watchers event, he indicates that the size of any move depends on how inflation data evolves.

Several outlets report that Waller specifically leaves open the possibility of a larger increase if inflation readings—linked in some coverage to upcoming CPI results—do not cool as expected. Bloomberg and CNBC describe him as backing a December hike and warning that a half-percentage-point move could be warranted if inflation accelerates. Other outlets emphasize that the Fed must act swiftly and forcefully to address inflation.

Across the coverage, the main differing detail is how strongly outlets frame the potential magnitude of the December decision, ranging from at least a quarter-point to an even larger move if inflation fails to slow. Financial Times highlights the possibility of the largest rate change since 2022, while other stories focus on conditional guidance tied to whether inflation comes in hot or cool.