Reported about 8 hours ago
Federal Reserve governor Christopher Waller has strongly advocated for a rate cut during the July 29-30 policy meeting, emphasizing that inflation from tariffs is transient. Waller suggests lowering the policy rate to 3% to address risks in the job market, even as some Fed members, including governors Adriana Kugler and John Williams, argue against cuts due to rising inflation pressures from tariffs. The diverging views among Fed officials showcase a growing divide over monetary policy amid external pressures from political figures.
Source: YAHOO