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.
- Amid mounting economic risks, Waller suggested the Federal Reserve should cut rates at the July 29-30 meeting, warning against waiting too long.
- Waller noted all evidence shows the Fed can look through temporary tariff effects, citing slowed economic momentum and increased employment risks.
- Waller cautioned 'waiting until September or even later' risks falling behind the curve, as rates are well above the 3 per cent level and a July easing could lead to more cuts.
- In immediate trading, short-dated Treasuries led gains and bond yields fell alongside the dollar as Waller reiterated his call for a July rate cut.
- Comments from Fed officials indicate the Federal Open Market Committee is split, with some advocating for immediate rate cuts and others like Powell favoring a delay, Reuters reported on Friday.
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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(Bloomberg) -- Bond yields fell alongside the dollar as Federal Reserve Governor Christopher Waller reiterated his case for a July rate cut, while data showed an improvement in consumer expectations for inflation. Stocks wavered as traders parsed a handful of earnings.
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Fed officials grow more outspoken—and split—over interest rate cuts
Federal Reserve governor Christopher Waller called for a July rate cut again on Friday. Other Fed officials like New York Fed president John Williams and Boston president Susan Collins said July was too early to lower rates because the extent of inflation from tariffs wasn’t clear yet. As the U.S. economy navigates that hazy outlook, Fed officials are trying to figure out whether to cut rates to avoid a rise in unemployment or to maintain them b…
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