Reported about 14 hours ago
Federal Reserve Governor Christopher Waller expressed his belief that the central bank should reduce interest rates by 25 basis points at the end of July due to escalating economic risks and a cooling labor market. He emphasized that the anticipated inflation from tariffs would be temporary and that further rate cuts could be considered in the future if inflation remains controlled and economic growth is sluggish. This stance comes ahead of the Fed’s policy meeting set for July 29-30.
Source: YAHOO