Waller, Fed Governor "Should cut rates at the next FOMC"

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Summary

Christopher Waller, a Federal Reserve governor, reiterated that a rate cut is necessary at the next FOMC meeting.
Waller said that, given an expected economic slowdown, a change in interest-rate policy is needed.
He said tariffs would not cause long-term inflation.

Christopher Waller, a Federal Reserve (Fed) governor, again called for a rate cut.

On the 3rd (local time), according to Walter Bloomberg, Waller said in an interview with CNBC, "Rates should be cut at the next Federal Open Market Committee (FOMC) meeting," saying "an economic slowdown is expected."

He added, "Tariffs do not cause long-term inflation," and "they only have a temporary effect."

Earlier, the Trump administration said it was considering Governor Waller as the next Fed chair.