Federal Reserve Governor Waller: Prefer to cut interest rates in December
2024-12-02 20:30:25
Wachovia Reserve Board Waller expressed preference for 12 rate cuts unless datadesk3cryptocurrencydesktopCrypto News
Mr. Waller, the Fed governor, said he favoured a December rate cut unless the data were unexpected. Policy rates are restrictive enough that even a December cut would leave plenty of room to slow the pace of rate cuts as needed. If the data showed that forecasts of slower inflation were inaccurate, he would support keeping rates on hold in December.
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