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%
On the 10th, Federal Reserve Governor Waller stated in an interview that he believes it is necessary for the Federal Reserve to cut interest rates, but should do so cautiously. He is open to a 25 basis point rate cut in the upcoming meetings.
He mentioned that political issues were not discussed during the interview for the position of Federal Reserve Chair.
He also stated that during a government shutdown, the Federal Reserve can use alternative data. The performance of the U.S. labor market is poor, and obtaining CPI data will be very helpful for policymakers. Tariffs will have a one-time impact on price levels. The estimated transmission ratio of tariffs is about 40%.
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