Fed Official Waller Supports July Rate Cut Amid Market and Political Pressures
TL;DR Summary
Federal Reserve Governor Christopher Waller argues that the labor market is weaker than it appears, justifying an interest rate cut this month to prevent economic slowdown, despite most officials preferring to wait for more inflation data; he also downplays the impact of tariffs on inflation and suggests a potential additional rate cut later this year if inflation remains controlled.
- Fed’s Waller says labor market is weaker than it looks, justifying interest-rate cut this month MarketWatch
- A top Fed official, considered a candidate to replace Powell, keeps calling for a rate cut this month CNN
- Treasury Yields Slide After Waller’s July Cut Call: Markets Wrap Bloomberg.com
- Federal Reserve’s Waller says central bank should cut rates at next meeting AP News
- Top Fed Official Backs July Rate Cut as Trump Ramps Up Pressure The New York Times
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