US EditionA Top Fed Official, Considered a Candidate to Replace Powell, Keeps Calling for a Rate Cut This Month
UNITED STATES, JUL 17 – Fed Governor Christopher Waller argues for a 25 basis point rate cut due to slowing GDP growth near 1% and a weakening labor market, despite inflation near target excluding tariffs.
- Federal Reserve Governor Christopher Waller called for a 25 basis point interest rate cut at the July 29-30 FOMC meeting in Washington, D.C.
- Waller cited growing risks to the economy, labor market weakness, and argued waiting until September risks falling behind if economic weakness accelerates.
- Waller and Fed Vice Chair Michelle Bowman support a July rate cut, noting inflation near target, limited tariff effects, and a fragile private sector labor market.
- Waller mentioned that if the Federal Reserve lowers its target range in July and later labor and inflation reports suggest less need for additional reductions, there would be the possibility to maintain the current policy level for one or more meetings.
- A July rate cut could ease policy toward neutral and prevent more aggressive moves later, reflecting concerns about slowing growth and a weakening employment picture.
57 Articles
57 Articles
The New York equity market experienced a profit takeover that left mixed variations at the session, while investors continued to assimilate the growing trade uncertainty and comments of the Federal Reserve Governor, Christopher Waller, who detailed that he will choose to cut interest rates at this month’s meeting. He even claimed that the impact of tariffs on prices is likely to be temporary and sees no indication that inflation expectations are…
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