Fed’s Waller Sees Quarter-Point Cut in September, Then More
Federal Reserve Governor Christopher Waller has advocated for a reduction in interest rates. Waller stated that he would support a quarter-percentage point cut in September and expects further cuts in the following three to six months. This stance indicates Waller's belief that the current monetary policy is too tight and that additional easing is necessary to support the economy. Waller's views suggest that he is concerned about the potential impact of high interest rates on economic growth and employment, and he believes that a more accommodative monetary policy would be beneficial. The article does not provide further details on Waller's specific reasoning or the factors he is considering in his assessment of the appropriate monetary policy for the current economic conditions.
Source: For the complete article, please visit the original source link below.
