# Fed's Waller: 'More aggressive' response may be needed if inflation stays high

> Fed Governor Waller said the Fed may need a more aggressive response if inflation stays high. He also said that a rate increase from the current near-zero level is still some time off, in line with most colleagues.

- Date: 2021-10-19 · published 2021-10-19T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/44434-fed-s-waller-more-aggressive-response-may-be-needed-if-inflation-stays-high
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a slow path to rate hikes support the dollar and keep pressure on commodity prices, while inflation risks could later raise financing costs for feed buyers.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-22 | [Powell says inflation risks rising, but Fed can be 'patient' \| AP News](https://feedsoft.ai/events/44436-powell-says-inflation-risks-rising-but-fed-can-be-patient-ap-news.md) | -0.2% | +1.4% |
| DXY | 2021-09-23 | [BoE sees growing case for rate rise as inflation to stay higher for longer \| Reuters](https://feedsoft.ai/events/45307-boe-sees-growing-case-for-rate-rise-as-inflation-to-stay-higher-for-longer.md) | +1.0% | -0.0% |
| DXY | 2022-10-15 | [Fed's Bullard says boost to dollar from interest rate hikes may ease \| Reuters](https://feedsoft.ai/events/39330-fed-s-bullard-says-boost-to-dollar-from-interest-rate-hikes-may-ease-reuters.md) | -0.5% | -3.8% |
| DXY | 2020-06-30 | [Fed's Williams: No need to use negative rates in US - Forex Crunch](https://feedsoft.ai/events/52810-fed-s-williams-no-need-to-use-negative-rates-in-us-forex-crunch.md) | -0.9% | -2.8% |
| DXY | 2024-09-17 | [BNP Paribas says euro could rise, not fall, if recession hits](https://feedsoft.ai/events/28532-bnp-paribas-says-euro-could-rise-not-fall-if-recession-hits.md) | -0.1% | +1.7% |

## Sources

- reuters.com: https://www.reuters.com/business/feds-waller-says-high-inflation-through-year-end-may-need-aggressive-response-2021-10-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.