Federal Reserve Governor Waller says a rate cut should be considered at the next meeting

Federal Reserve Governor Waller stated that the yield on the US 10-year Treasury bond has basically stabilized. He reiterated that he has clearly advocated for initiating interest rate cuts at the next meeting. Multiple rate cuts may be seen, but whether they occur at every meeting or at alternate meetings will depend on the performance of economic data.

He emphasized that the Federal Reserve does not need to follow a fixed pace of rate cuts. Although there may be a period of slight fluctuations in inflation in the future, this will not be persistent, and it is expected that in six months the inflation rate will be closer to the long-term target of 2%. The Federal Reserve has the ability to adjust the pace of rate cuts at any time based on the data.

In addition, Waller also responded to the case concerning Governor Cook, which has attracted public attention. He stated that the case is currently being heard in court, and he would not comment on it, believing that the court will soon decide on the next steps in the case. Waller said that he has not had any discussions with Treasury Secretary Bessent regarding the position of Federal Reserve Chair.