Reported 5 months ago
Fed Governor Chris Waller stated that he would need to observe several more months of favorable inflation data before considering cutting interest rates. Waller emphasized the need for significant progress in inflation and a lack of labor market weakening before supporting a change in monetary policy. He graded the recent April inflation data as a "C+" and highlighted the importance of evidence showing cooling inflation, especially since the core Consumer Price Index rose 3.6% year over year. Waller's cautious stance aligns with other Fed officials who advocate for keeping rates steady for an extended period to address inflation concerns.
Source: YAHOO