Waller, Fed Governor, "Rate Cut Expected in Second Half...Could Be Sooner if Recession Occurs"
JH Kim
Summary
- Christopher Waller of the Fed stated that a rate cut is expected in the second half of this year.
- He mentioned that if there is a risk of recession, the timing of the cut could be brought forward.
- He added that the inflation caused by tariffs is expected to be temporary.
According to the Wall Street Journal (WSJ) on the 14th (local time), Christopher Waller, a member of the U.S. Federal Reserve (Fed), stated that "in a tariff reduction scenario, the Fed may be more cautious about cutting rates, and the timing of the cut could be in the second half of this year."
He continued, "We see the high inflation caused by tariffs as temporary," adding that "if there is a risk of recession, the timing of the rate cut could be brought forward, and in such a case, an early cut would be preferred."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
