Fed Governor Christopher Waller indicated on November 10, 2026, that he supports a quarter-point rate increase in December and may advocate for a half-point hike if inflation data is worse than expected. He emphasized the importance of following through on market expectations for rate hikes to maintain the Fed's credibility. Markets currently price in over an 80% chance of a December quarter-point hike, with no expectation for a half-point increase, according to CME Group's FedWatch.