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Hot Statements from FED Member Waller! Talked About Interest Rate Cut

Author: Content Editor
In a recent speech, Fed Governor Christopher Waller addressed several key economic issues. He highlighted the Fed's cautious approach in monitoring inflation, describing it as resembling a "roller coaster." Waller predicted a slowdown in employment growth but emphasized that the labor market remains healthy. Despite inflationary pressures, he noted that consumer demand remains strong and expects a recovery in commodity demand as interest rates fall. Waller expressed disappointment with the latest inflation data and suggested that the Fed could preemptively cut interest rates if inflation falls below the target or if the labor market deteriorates. He expects the Fed to gradually adjust policy to a neutral stance and warned that recent events could reduce job growth in October. Overall, Waller stressed caution in reducing interest rates and signaled a potentially more conservative approach compared to previous meetings.

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