Waller, Fed Board Member: “No issue even if rate cut is delayed by six weeks... but no reason to wait any longer”
Minseung Kang
Summary
- Christopher Waller, a Fed board member, said that there would be no major issue with delaying a rate cut by six weeks.
- Waller stated there is no reason to postpone the rate cut decision any longer.
- This statement is seen as an indication that the need for a rate cut is spreading within the Fed.
Christopher Waller, a Fed board member, expressed that while there is no major issue with delaying a rate cut, there is also no reason to postpone the decision further.
According to Odaily, a cryptocurrency-focused media outlet, on the 18th (local time), Waller stated, "Even if the Fed delays a rate cut for the next six weeks, there shouldn’t be a significant problem, but there is no longer any reason to hold off on making the decision."
This comment is interpreted as signaling a growing recognition within the Fed of the need to cut rates.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
