Fed Governor Waller: We are not super hawks and will not raise rates by 150 or 200 basis points.

Federal Reserve Governor Christopher Waller said on November 10 that the central bank needs to unwind at least the three “insurance” rate cuts it made previously, signaling a continued tightening bias. He pushed back on expectations of aggressive hikes, stating the Fed is “not super hawkish” and will not raise rates by 150 or 200 basis points, emphasizing the goal of avoiding a sharp economic downturn. The remarks matter because they frame the policy path as a measured reversal of prior easing rather than a rapid tightening cycle, which affects rate expectations across asset markets. Traders will watch upcoming Fed communication and economic data for confirmation of the pace and size of the unwind.