Fed's Waller: May cut size of hikes, but not 'softening' fight against inflation

The Fed may consider slowing the pace of rate increases at its next meeting but that should not be seen as a "softening" of its battle against inflation, Federal Reserve Gov. Christopher Waller said on Sunday.

Waller said markets should now pay attention to the "endpoint" of rate increases, not the pace of each move, and the endpoint is likely "a ways off," Waller said in remarks to an economic conference organized by UBS in Australia. "It depends on inflation."