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Federal Reserve Board of Governors member Christopher Waller poses on May 23, 2022, in Washington. Waller said Thursday, July 14 2022, that he would be open to supporting a huge 1 percentage point increase in the Fed's key short-term interest rate later this month if upcoming economic data points to robust consumer spending. (AP Photo/Patrick Semansky, File)

Federal Reserve Board of Governors member Christopher Waller poses on May 23, 2022, in Washington. Waller said Thursday, July 14 2022, that he would be open to supporting a huge 1 percentage point increase in the Fed's key short-term interest rate later this month if upcoming economic data points to robust consumer spending. (AP Photo/Patrick Semansky, File)

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