From CNBC: 2025-06-20 08:43:00

Federal Reserve Governor Christopher Waller believes tariffs won’t significantly boost inflation, suggesting interest rate cuts as early as next month. Waller stated in a CNBC interview that easing should begin slowly due to inflation no longer being a major threat. President Trump has been pushing for rate cuts to reduce borrowing costs on the national debt. Waller emphasized the need to cut rates to prevent a labor market slowdown, urging action before a potential crash occurs. The Federal Open Market Committee recently voted to maintain the current interest rate, with Waller advocating for a cut at the next meeting. Stay tuned for updates on this developing story.

Read more: Fed Governor Waller says central bank could cut rates as early as July