The U.S. economy and the pace of wage growth need to slow down in order for the Federal Reserve to be confident that its interest-rate increases will bring inflation down, a central bank official said Wednesday.
Fed governor Christopher Waller said recent data, including signs of deceleration in inflation and slightly looser hiring conditions, have made him more comfortable about the central bank stepping down to a 0.5 percentage point rate increase at its Dec. 13-14 policy meeting.
But…
