Waller Urges Fed Rate Cut, Despite Opposition

Federal Reserve Governor Christopher Waller advocates for another interest rate cut, citing labor market concerns and slowdown in hiring. He favors a quarter-point reduction, while other officials oppose further easing due to inflation risks. The FOMC meets on December ninth and tenth, with Vice Chair Philip Jefferson and Boston Fed President Susan Collins expressing caution. Waller dismisses data scarcity due to the government shutdown, emphasizing available private and public sector data.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.