Central Banks
Fed’s Waller Supports Further Cuts, Says Inflation Moving Lower
- Says pace of cuts depends on inflation progress, labor market
- Doesn’t expect tariffs to have significant impact on inflation
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Federal Reserve Governor Christopher Waller said he believes inflation will continue to cool toward the central bank’s 2% target, prompting his support for additional interest-rate cuts this year.
“As always, the extent of further easing will depend on what the data tell us about progress toward 2% inflation, but my bottom-line message is that I believe more cuts will be appropriate,” Waller said Wednesday in prepared remarks for an Organization for Economic Cooperation and Development event in Paris.