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Statement by Governor Christopher J. Waller
At the most recent Federal Open Market Committee (FOMC) meeting, I dissented because I concluded that cutting the policy rate by 25 basis points was the appropriate stance of policy. In a speech I gave July 17, I laid out the case for cutting the policy rate at the July FOMC meeting and my views have not changed since then. I will recap the reasons for doing so. First, tariffs are one-off increases in the price level and do not cause inflation beyond a temporary increase. Standard central banking practice is to "look through" such price-level effects as long as inflation expectations are anchored, which they are. ... (full story)
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Federal Reserve's Waller Says Data Suggests Monetary Policy Should Now Be Near Neutral, Not Restrictive
— First Squawk (@FirstSquawk) August 1, 2025
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FED'S WALLER: I DISSENTED BECAUSE I CONCLUDED THAT CUTTING THE POLICY RATE BY 25 BASIS POINTS WAS THE APPROPRIATE STANCE OF POLICY
— PiQ (@PiQSuite) August 1, 2025
FEDS' WALLER: BELIEVE TARIFFS ARE A ONE-TIME PRICE EVENT THAT POLICYMAKERS SHOULD 'LOOK THROUGH' AS LONG AS INFLATION EXPECTATIONS REMAIN ANCHORED,…
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From federalreserve.gov|Aug 1, 2025On Wednesday, July 30, 2025, I dissented from the Federal Open Market Committee's (FOMC) decision to maintain the target range for the federal funds rate at its current level. As the Committee's post-meeting statement notes, I preferred to lower the target range for the federal funds rate by 25 basis points.1 Inflation has moved considerably closer to our target, after excluding temporary effects from tariffs, and the labor market remains near full employment. With economic growth slowing this year and signs of a less dynamic labor market, I saw it as appropriate to begin gradually moving our moderately restrictive policy stance toward a neutral setting. In my view, this action would have proactively hedged against a further weakening in the economy and the risk of damage to the labor market. Federal Reserve Official Bowman Says Economy's Growth Is Slowing and Labor Market Is Less Active, So It's Time to Shift Policy Toward Neutral Federal Reserve Official Bowman States That More Focus Should Be Placed on Employment Risks
From cnbc.com|Aug 1, 2025Coinbase is planning to expand its core trading app beyond crypto, the company said Thursday. The newly imagined “everything exchange” will include tokenized real-world assets, ...
From channelnewsasia.com|Aug 1, 2025Profits of Japanese firms are likely to fall this year because of U.S. tariffs, leading them to downgrade capital expenditure plans, the central bank said on Friday, signalling ...
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From @realDonaldTrump|Aug 1, 2025|4 comments
STRONG DISSENTS ON FED BOARD. IT WILL ONLY GET STRONGER! “TOO LATE!”
From bls.gov|Aug 1, 2025|102 commentsTotal nonfarm payroll employment changed little in July (+73,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The ...
From @realDonaldTrump|Aug 1, 2025|22 commentsToo Little, Too Late. Jerome “Too Late” Powell is a disaster. DROP THE RATE! The good news is that Tariffs are bringing Billions of Dollars into the USA!
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