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Fed Governor Waller urges faster rate cuts, challenging Powell’s cautious stance amid internal disagreement.
Federal Reserve Governor Christopher Waller challenged Chair Jerome Powell’s claim that unclear economic data creates a "fog," arguing it shouldn’t delay rate cuts.
Speaking with FOX Business, Waller said the Fed has enough information to continue lowering interest rates to support growth, calling the current policy too restrictive.
He downplayed inflation risks and recent tariffs, while expressing optimism about AI-driven productivity gains.
His remarks highlight growing internal disagreement over the pace of monetary easing, as some officials push for faster cuts amid mixed economic signals.
Waller is one of five finalists being considered to succeed Powell as Fed chair.
El gobernador de la Fed, Waller, insta a recortes de tasas más rápidos, desafiando la postura cautelosa de Powell en medio de desacuerdos internos.