Reported about 22 hours ago
Federal Reserve governor Christopher Waller has reiterated the possibility of a rate cut in July, highlighting a divide within the Fed concerning the impact of tariffs on inflation. While Waller believes tariff-related inflation will be temporary and supports an immediate reduction in the policy rate, others, including St. Louis Fed president Alberto Musalem and Fed chair Jerome Powell, urge caution and advocate for a wait-and-see approach. This disagreement reflects differing views on how the Fed should respond to current economic conditions amid calls from President Trump for lower interest rates.
Source: YAHOO