--- title: "Federal Reserve Governor Waller: If employment weakens, I will advocate for rate cuts again later this year" type: "News" locale: "en" url: "https://longbridge.com/en/news/279949473.md" description: "More news, ongoing updates" datetime: "2026-03-20T13:32:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279949473.md) - [en](https://longbridge.com/en/news/279949473.md) - [zh-HK](https://longbridge.com/zh-HK/news/279949473.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279949473.md) | [繁體中文](https://longbridge.com/zh-HK/news/279949473.md) # Federal Reserve Governor Waller: If employment weakens, I will advocate for rate cuts again later this year Federal Reserve Governor Christopher Waller stated on Friday that if signs of weakness appear in the job market, he will support interest rate cuts later this year, while remaining vigilant about inflationary pressures that may arise from the current geopolitical situation. Waller pointed out that the closure of the Strait of Hormuz indicates greater inflationary pressures, and rising oil prices could ultimately affect core inflation. He emphasized that the current cautious stance does not mean that there will be no action for the remainder of the year. His remarks provide an important signal to the market—that the window for interest rate cuts has not closed, but it is contingent on a clear weakening of employment data. ## Doubts About Employment Data Waller admitted that after the last employment report was released, he initially thought he would hold a dissenting opinion. He stated, **"Rationally, I understand the logic of how employment data operates, but intuitively, I cannot assert that everything is normal in the job market."** On the same day, Federal Reserve Vice Chair for Supervision Michelle Bowman indicated that **due to concerns about a weak labor market, she expects three interest rate cuts this year.** "I still have concerns about the job market," Bowman said in an interview with Fox Business. "To support the labor market, I support three interest rate cuts by the end of 2026," she stated. At this week's Federal Reserve policy meeting, FOMC members unanimously decided to cut rates only once this year. Updating ### Related Stocks - [Nasdaq, Inc. (NDAQ.US)](https://longbridge.com/en/quote/NDAQ.US.md) - [Dow Jones Utility Average (.DJU.US)](https://longbridge.com/en/quote/.DJU.US.md) - [S&P 500 (.SPX.US)](https://longbridge.com/en/quote/.SPX.US.md) - [Dow Jones Industrial Average (.DJI.US)](https://longbridge.com/en/quote/.DJI.US.md) - [NASDAQ Composite Index (.IXIC.US)](https://longbridge.com/en/quote/.IXIC.US.md) - [iShares Global Tech ETF (IXN.US)](https://longbridge.com/en/quote/IXN.US.md) - [iShares US Broker-Dealers&Secs Exchs ETF (IAI.US)](https://longbridge.com/en/quote/IAI.US.md) - [ARK Innovation ETF (ARKK.US)](https://longbridge.com/en/quote/ARKK.US.md) - [State Street® SPDR® S&P® Smcndctr ETF (XSD.US)](https://longbridge.com/en/quote/XSD.US.md) - [Invesco Semiconductors ETF (PSI.US)](https://longbridge.com/en/quote/PSI.US.md) - [Fidelity Nasdaq Composite ETF (ONEQ.US)](https://longbridge.com/en/quote/ONEQ.US.md) - [Fidelity MSCI Financials ETF (FNCL.US)](https://longbridge.com/en/quote/FNCL.US.md) - [iShares U.S. Digital Infras & RE ETF (IDGT.US)](https://longbridge.com/en/quote/IDGT.US.md) - [Invesco QQQ Trust (QQQ.US)](https://longbridge.com/en/quote/QQQ.US.md) - [Pacer Benchmark Data&Infras RE SCTR ETF (SRVR.US)](https://longbridge.com/en/quote/SRVR.US.md) - [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/en/quote/SMH.US.md) - [The Financial Select Sector SPDR® ETF (XLF.US)](https://longbridge.com/en/quote/XLF.US.md) - [Invesco NASDAQ 100 ETF (QQQM.US)](https://longbridge.com/en/quote/QQQM.US.md) - [Global X Data Center & Dgtl Infrs ETF (DTCR.US)](https://longbridge.com/en/quote/DTCR.US.md) - [ProShares UltraPro QQQ (TQQQ.US)](https://longbridge.com/en/quote/TQQQ.US.md) - [iShares Semiconductor ETF (SOXX.US)](https://longbridge.com/en/quote/SOXX.US.md) - [First Trust NASDAQ-100 Equal Wtd ETF (QQEW.US)](https://longbridge.com/en/quote/QQEW.US.md) - [State StreetSPDRS&PSftwr&SvcsETF (XSW.US)](https://longbridge.com/en/quote/XSW.US.md) - [Vanguard Financials ETF (VFH.US)](https://longbridge.com/en/quote/VFH.US.md) - [ProShares Short QQQ (PSQ.US)](https://longbridge.com/en/quote/PSQ.US.md) ## Related News & Research - [Is Nordson Stock Outperforming the Nasdaq?](https://longbridge.com/en/news/279925340.md) - [LIVE MARKETS-Fed rate cut and hike are equally unlikely - BNP](https://longbridge.com/en/news/279819633.md) - [TREASURIES-US yields climb as Fed keeps rates steady, upgrades growth outlook](https://longbridge.com/en/news/279659487.md) - [U.S. 9-yr 10-mo indexed notes high yield 1.896%](https://longbridge.com/en/news/279827442.md) - [ROI-Kevin Warsh's first move as Fed chair could be a rate hike: McGeever](https://longbridge.com/en/news/279790237.md)