Waller says price stability is the foundation of economic growth; previously, the Federal Reserve raised interest rates by 25 basis points.

Federal Reserve Chair Walsh emphasized at the press conference that stabilizing consumer prices is crucial for driving U.S. economic growth. Previously, the Federal Reserve raised the benchmark interest rate by 25 basis points. Walsh stated: “Price stability is the foundation of economic growth. I believe we have taken an important step toward achieving this goal today. Part of the reason is that we have withdrawn the portion of the easing policy previously mentioned.”