"Fed Governor Waller Cautions Against Rushing to Cut Interest Rates Amid Dollar Gains and Hot Inflation Prints"

Fed Governor Chris Waller stated that there is no rush to cut interest rates, citing recent economic data showing strong job gains and elevated inflation measures. Despite forecasts predicting elevated core PCE inflation, the odds of a rate cut in June rose slightly, with Fed Chair Powell indicating potential future cuts. However, some argue that cutting too early could exacerbate inflation and economic imbalances, potentially leading to a recession.