Fed’s Waller says he’d serve
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Fed’s Waller pushes for Jul. rate cut
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Governor Christopher Waller's comments come as tensions between Fed Chair Jerome Powell and President Donald Trump have reached a boiling point in recent days.
Some officials want a July cut to protect the labor market, while others want to wait because they anticipate more inflation coming.
The S&P 500 scaled another record high early on Friday, extending weekly gains as earnings optimism continued to buoy investor sentiment.
Federal Reserve Governor Christopher Waller made a clear call for an interest rate cut at the Fed's July meeting, citing signs of weakness in the labor market. Brian Jacobsen, chief economist and strategist at Annex Wealth Management,
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A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data showing ongoing resilience in the US economy and other central bankers pushing to keep rates steady.
Fed Governor Waller discusses balance sheet challenges, QT into 2029, and risks to Fed independence. Read the implications for markets if Powell leaves the Fed.