Fed’s Waller Says Slowing Inflation Led Him to Support Large Rate Cut
- Fed governor: Inflation now possibly headed below target
- Future path for rates will depend on incoming data, he says
Christopher Waller
Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Governor Christopher Waller said favorable inflation data, and not worries about the labor market, are what convinced him to support policymakers’ decision to lower interest rates by a half percentage point this week.
“What’s got me a little more concerned is inflation is running softer than I thought,” Waller said Friday in an interview on CNBC.