Editor's PiCK
Waller, Fed governor "Supports a rate cut in December… rise in prices is a temporary factor"
Minseung Kang
Summary
- Christopher Waller, a Federal Reserve governor, said he supports a rate cut at the December FOMC.
- Waller assessed that the recent rise in inflation is a temporary factor and that the underlying risk is not large.
- He said that even as the labor market weakens, the inflation rate remains at 2.4~2.5%.
Christopher Waller (Christopher Waller), a Federal Reserve governor, said he supports a rate cut at the December Federal Open Market Committee (FOMC).
According to overseas economic news channel Walter Bloomberg on the 24th (local time), Waller said, "I support a rate cut at the December meeting (advocating for a rate cut)."
Waller said, "Although inflation has risen slightly recently, it will come down again," and explained that the inflation rate excluding tariff effects is "at the 2.4~2.5% level." He also assessed that "inflation is not a big problem in a situation where the labor market is weakening."
On the price impact of tariffs, he added, "It's not that large and is a one-off (one-off) effect."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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