"Federal Reserve's Waller Takes Patient Approach Amid Economic Uncertainty"

Federal Reserve Governor Waller discussed the U.S. economic outlook, noting progress in reducing inflation but expressing uncertainty about the speed of continued progress. He emphasized the need for more data to verify the trajectory of inflation before considering a policy rate cut, citing strong economic growth and a resilient labor market. Waller also discussed factors affecting productivity growth and highlighted the recent surge in inflation, indicating a cautious approach to easing monetary policy in the absence of unexpected economic deterioration.