Reported 14 days ago
Federal Reserve governor Chris Waller expressed support for a quarter percentage point cut to interest rates later this month, while advocating for caution in future adjustments due to conflicting economic signals. He highlighted the uncertainty between strong growth and a weakening labor market, suggesting a delicate approach to policy changes. Waller's remarks come amid ongoing discussions about his potential nomination as Fed chair, with a focus on how upcoming economic data and current labor trends may influence future rate cuts.
Source: YAHOO