Central Banks
Waller Says Fed Could Cut Rates at ‘End of This Year’ If Data Softens
- Wants to see ‘several more’ months of good inflation data
- Cut possible if data softens over next ‘three to five months’
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Federal Reserve Governor Christopher Waller said a continued softening in data over the next three to five months would allow the central bank to consider lowering borrowing costs at the end of 2024.
“If the data were to continue softening throughout the next three to five months, you can even think about doing it at the end of this year,” Waller said on CNBC Tuesday. “If we get enough data going the right way, then we can think about cutting rates later this year, beginning of next year.”