Fed’s Waller Says Jobs Data ‘Requires Action,’ Open to Big Cut
- Fed governor says important to start rate cuts at next meeting
- Waller doesn’t see US economy in or headed for recession
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Federal Reserve Governor Christopher Waller said it’s important for the US central bank to begin cutting interest rates this month amid rising risks of further weakening in the labor market.
Waller said he’s also “open-minded” about the potential for a bigger rate cut and would advocate for one if appropriate, according to prepared remarks he’s set to deliver Friday at the University of Notre Dame in Indiana.