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Fed's Waller backs a series of interest-rate cuts over the next six months

From morningstar.com

Federal Reserve governor Christopher Waller on Thursday said he now supports a series of interest-rate cuts beginning in September, with the pace of subsequent moves driven by the incoming data. Waller had urged the Fed to cut rates at its last meeting in July, and he said he is more sure now that it was the right call. "Let's get on with it," Waller said Thursday at an event in Miami. The White House has said Waller is among the list of candidates who will be interviewed for the job to replace Federal Reserve Chair Jerome Powell, when Powell's term ends in May. President Donald Trump has been insisting for months ... (full story)

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  • Category: Fundamental Analysis