Federal Reserve Official Urges July Rate Cuts

A top Federal Reserve official, Christopher Waller, suggests that the Fed should consider cutting interest rates as early as July, citing supportive economic data despite concerns over inflation from tariffs and division among policymakers. Waller emphasizes basing policy on data and downplays the impact of tariffs, contrasting with President Trump's calls for lower rates to reduce government debt costs. The Fed remains cautious, holding rates steady amid internal disagreements about future cuts.