Fed’s Waller on Interest Rates

Federal Reserve Governor Christopher Waller suggested that the Fed should consider reducing interest rates by another 25 basis points to support economic growth. Waller emphasized the importance of a cautious approach to monetary policy amid ongoing inflation concerns.

Current Economic Indicators

Waller noted that recent economic data shows signs of slowing growth, which could necessitate further rate cuts. He highlighted a potential need to balance inflation control with fostering economic stability as the Fed navigates its next steps.