Reported about 7 hours ago
Federal Reserve Governor Chris Waller emphasized the need for caution in the central bank's approach to rate cuts, citing strong job market data and unexpected inflation trends. He noted that while he supports gradual reductions over the next year, recent economic signals suggest a more measured pace is warranted. Waller's comments come after the Fed's first rate cut in over four years and amidst discussions among other officials for a cautious strategy regarding future monetary policy adjustments.
Source: YAHOO