Federal Reserve Governor Christopher Waller indicates cautious future interest rate cuts due to economic concerns.

Federal Reserve Governor Christopher Waller has stated that future interest rate cuts will be more cautious than the significant reduction in September, citing concerns about the economy potentially running hotter than expected. He noted that recent data on employment and inflation shows the economy may not be slowing sufficiently. While Waller anticipates gradual rate reductions over the next year, he refrained from committing to a specific trajectory.

October 14, 2024
33 Articles