Fed’s Waller says economy is slowing, unsure if more rates hikes needed to tame inflation

Federal Reserve Gov. Chris Waller said recent signs of a slowdown in the economy could help return inflation to the central bank’s 2% target, but he said it’s unclear if further interest rate hikes are off the table.

Waller said in a speech in Washington, D.C. that the economy appears to have softened toward the end of the year in a manner that could push the rate of inflation lower. Yet he cautioned that more evidence is needed.

“While…