Fed Governor Waller Advocates Rate Cut—and Signals Tariff Effects Are Transitory
Federal Reserve Governor Christopher Waller is preparing to dissent at the July Federal Open Market Committee (FOMC) meeting. He has signaled he may vote for a rate cut, a direct challenge to the Fed’s sluggish response to evolving economic conditions. He believes policy is already behind the curve.
“The labor market is definitely not as tight as it was last year… The private sector is kind of on the edge right now,” Waller said Friday on Bloomberg TV, pointing to the fact that June’s job gains were heavily padded by large gains in the public sector.
This follows a…
Read the full article at BREITBART.COM
