Fed's Waller Cautions on Rate Cuts Amid Weak Labor Market
TL;DR Summary
Governor Waller discusses the complex economic outlook, highlighting conflicting data on economic growth and the labor market, the impact of tariffs and AI, and suggests a cautious approach to adjusting monetary policy, favoring a potential 25 basis point rate cut in October while monitoring upcoming data to avoid reigniting inflation.
- Speech by Governor Waller on the economic outlook Federal Reserve Board (.gov)
- Fed’s Waller Calls for Careful Cuts, Miran Wants Bigger Move Bloomberg.com
- Fed Governor Waller sees more rate cuts but says central bank needs to be 'cautious about it' CNBC
- Fed’s Chris Waller says he had a ‘great interview’ to succeed Jerome Powell and the labor market is ‘weak’ and ‘not doing great’ Fortune
- ‘The labor market is weak,’ Fed chair candidate declares Scotsman Guide
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