Fed Governor Waller Weighs Rate Cuts Amid Inflation Concerns

Federal Reserve Board of Governors member Christopher Waller expressed his inclination towards maintaining a neutral monetary policy stance during a recent speech at the American Institute for Economic Research Monetary Conference. Waller stated, "As of today, I am leaning toward continuing rate cuts, but I remain open to holding steady if new data suggests otherwise."

Despite acknowledging progress towards the Fed's 2% inflation target, Waller highlighted recent data indicating inflation may be stagnating above target levels. He also noted a strong labor market and moderated wage growth, but emphasized the mixed signals in inflation trends. Waller's next steps hinge on key reports due this week, including job openings, employment, and inflation data.