Fed’s Waller Calls for December Cut, Then Meeting-By-Meeting

Federal Reserve Governor Christopher Waller said he’s advocating an interest-rate cut in December, though the US central bank can probably take more of a meeting-by-meeting approach starting in January once it receives a flood of economic data.

“My concern is mainly labor market, in terms of our dual mandate. So I’m advocating for a rate cut at the next meeting,” Waller said Monday on the Fox Business Network. “You may see a more of a meeting-by-meeting approach once you get to January.”