From CNBC: 2024-09-20 12:00:24

Federal Reserve Governor Christopher Waller supported a half percentage point rate cut due to falling inflation rates. Recent data showed core inflation below 1.8% over four months, prompting the Fed to lower interest rates. Waller indicated the potential for more rate cuts depending on economic data and maintaining the 2% inflation target.

Read more: Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp