Federal Reserve Governor Waller: Open to a 25 basis point rate cut in the next few meetings

Federal Reserve Governor Waller stated that he is open to a 25 basis point rate cut in the upcoming meetings, believing that a rate cut is necessary but should be approached with caution. He mentioned that alternative data could be used during the government shutdown, the labor market is performing poorly, and CPI data is helpful for policymakers. Tariffs have a one-time impact on price levels, with a transmission ratio of about 40%