Fed’s Waller Says March Rate Call Depends on Labor Market

Federal Reserve Governor Christopher Waller said his decision on whether to support an interest-rate cut at the US central bank’s next policy meeting will hinge on upcoming labor-market data.

Waller said it may be appropriate to keep rates steady when the Federal Open Market Committee next meets March 17-18 if labor market data for February indicate, as in January, that downside risks to the labor market have diminished.