US Fed Governor Waller suggests delaying or reducing interest rate cuts due to disappointing inflation figures.
US Federal Reserve Governor Christopher Waller said recent economic data warrant delaying or reducing the number of interest rate cuts seen this year, emphasizing that recent inflation figures were "disappointing". He suggested that the strong economy and robust hiring provide the Fed with room to wait for confidence in inflation's sustained 2% target. Waller stated that it may be appropriate to reduce the overall number of rate cuts or delay them further in response to recent data.
March 27, 2024
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