Waller: If Inflation Doesn’t Cool by Year-End, Fed Could Bring Rate Increases Forward

Federal Reserve Gov. Christopher Waller said the central bank could move forward the timeline for raising short-term interest rates to restore price stability if high levels of inflation don’t start cooling soon, adding that he supports the Fed slowing its asset buying stimulus effort starting next month.

Mr. Waller said in a virtual appearance Tuesday that when it comes to moving up what is now a near zero federal-funds rate target range, “the pace of continued improvement in the labor market will be gradual, and I expect…