Fed Governor Christopher Waller on Friday made comments indicating he could back another 0.75 percentage point interest rate increase later this month. Fed Governor Christopher Waller on Friday made comments indicating he could back another 0.75 percentage point interest rate increase later this month.

He further suggested the Fed get away from its practice of providing “forward guidance” on what its future path would be.

Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big interest rate increase later this month.

He also said policymakers should stop trying to guess the future and instead stick to what the data is saying.

“Looking ahead to our next meeting, I support another significant increase in the policy rate,” Waller said in remarks prepared for a speech in Vienna. “But, looking further out, I can’t tell you about the appropriate path of policy. The peak range and how fast we will move there will depend on data we will receive about the economy.”

Those comments are similar to recent remarks from Fed Chair Jerome Powell, Vice Chair Lael Brainard and others, who said they are resolute in the effort to bring down inflation.