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Waller, in the running for chair, says Fed should start cutting this month and can adjust pace
Federal Reserve Governor Christopher Waller, a candidate to take over from Jerome Powell as chair in 2026, on Wednesday voiced his support for starting a rate-cutting cycle in two weeks and said the central bank has the flexibility to adjust that pace in the future. “When the labor market turns bad, it turns bad fast ... So for me, I think we need to start cutting rates at the next meeting,” Waller said in an interview on CNBC’s “Squawk Box.” “We don’t have to go into a lock sequence of steps. We can kind of see where things are going, because people are still worried about tariff inflation. I’m not, ... (full story)
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Fed's Waller: i've been clear i think we should cut at the next meeting. Fed's Waller: 10-year treasury yield has been kind of anchored - CNBC Interview. Fed’s Waller: Don’t Need To Go In Lick-Sequence Of Rate Cuts – CNBC - Could See Multiple Cuts, Whether It's Every Meeting Or Every Other Will Need To See What Data Says - I See Multiple Cuts Over Next Few Months Fed’s Waller: Inflation Expectations Are Anchored - We Know We'll Have A Blip Of Inflation But It Won't Be Permanent, 6 Months Out Will Be Closer To 2% - Tariffs Aren’t Going To Cause Long-Run Inflation - We Can Always Adjust Rate Cut Pace Fed's Waller: I have not had interview for fed chair job and don't have an interview scheduled at this point.
The number of job openings was little changed at 7.2 million in July, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were unchanged at 5.3 million. Within separations, both quits (3.2 million) and layoffs and discharges (1.8 million) were unchanged. This release includes estimates of the number and rate ...
In Greek mythology, Scylla and Charybdis are two mythical sea monsters guarding a narrow strait. Navigating the sail successfully would require not getting too close to one monster while trying to avoid the other. The job of the Federal Reserve has often been compared to (mistakenly, though) the above, wherein they have to navigate the economy on its dual ...
