Fed’s Waller says he’d serve
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Fed’s Waller pushes for Jul. rate cut
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Federal Reserve Gov. Christopher Waller on Thursday called for the central bank to cut interest rates in July. Waller said
Governor Christopher Waller's comments come as tensions between Fed Chair Jerome Powell and President Donald Trump have reached a boiling point in recent days.
Some officials want a July cut to protect the labor market, while others want to wait because they anticipate more inflation coming.
A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data showing ongoing resilience in the US economy and other central bankers pushing to keep rates steady.
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Fed Governor Waller discusses balance sheet challenges, QT into 2029, and risks to Fed independence. Read the implications for markets if Powell leaves the Fed.