"Federal Reserve Governor Waller Predicts Interest-Rate Cuts by 2024"

Federal Reserve Governor Christopher Waller believes that while interest rate cuts may be possible this year, there is no need for rushed action. He emphasizes the importance of methodical and careful adjustments, citing the healthy state of the economy as providing flexibility for rate reductions when inflation decreases. Waller's outlook on the economy has made him more confident about inflation reaching 2%, but he stresses the need for changes in policy to be carefully calibrated and not rushed. The market has priced in seven rate cuts this year, despite Fed officials attempting to push back on these expectations.