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Federal Reserve Governor Waller: Prefer to cut interest rates in December

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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2024-12-02 20:30:25
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