A Top Fed Official Casts Further Doubt on a Rate Rise This Month NYT - Business By: Colby Smith 8 October 2026 at 08:38 The Federal Reserve is poised to raise interest rates further as it seeks to tame inflation, but that is unlikely to happen until the end of the year. Β© Kylie Cooper/ReutersChristopher J. Waller, a Federal Reserve governor, last month. In a speech on Thursday, he said that βthere is some flexibilityβ about when to raise interest rates again.