Fed Governor Waller 'Inflation and employment slowdown are clear... possibility of an additional 25bp cut is open'

Minseung Kang

Summary

Fed Governor Waller suggested the possibility of an additional rate cut based on recent slowdowns in inflation and employment indicators.
He said that a 25bp (0.25% point) policy rate cut could be considered at the upcoming FOMC meeting.
However, Waller stressed that caution is necessary during the rate-cut process.

Federal Reserve (Fed) Governor Christopher Waller suggested the possibility of an additional rate cut based on slowing inflation and employment indicators.

On the 10th (local time), according to crypto-asset (cryptocurrency) specialist outlet Odaily, Fed Governor Christopher Waller said, 'CPI data will be of great help in discussions at upcoming meetings,' adding, 'Recent ADP private employment figures and Labor Department statistics show the same trend, which indicates that employment growth has already turned negative.'

He went on to say, 'There is room to consider a 25bp (0.25% point) policy rate cut at the upcoming Federal Open Market Committee (FOMC) meeting,' and emphasized, 'The Fed needs to lower rates, but the process must be cautious.'