According to Christopher Waller, a Federal Reserve board member and former candidate for Fed chair, the central bank should consider raising rates by 50 basis points at its December meeting if October inflation data shows price pressures persist. Waller made the remarks on November 10, ahead of October's CPI release. The October headline CPI rose 0.4% month-over-month, while core CPI increased 0.3%, data released after his comments. Chicago Fed President Austan Goolsbee and Philadelphia Fed President Beth Hammack also signaled willingness to raise rates more aggressively if inflation worsens, suggesting a broader shift toward hawkish policy stance among Fed officials.

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