July 13, 2026

Fed Governor Waller Warns of Core Inflation Risks Amid Falling Gas Prices

Waller noted that core inflation has risen from 3% last December to 3.4% in May, indicating persistent inflationary pressures despite falling gas prices.
He stated that if core inflation readings remain high, the Federal Reserve may need to consider tightening monetary policy soon.
The recent decline in gas prices, which have fallen nearly 20% from their peak, could be offset by renewed geopolitical tensions affecting oil prices.