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Fortune
Fortune
Diane Brady

Fed chair contender Christopher Waller says weak jobs data is strengthening the case for more rate cuts: ‘AI is stalling hiring'

Christopher Waller US Federal Reserve Fortune Diane Brady Jeffrey Sonnenfeld
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York on Oct. 16, 2025. (Credit: Michael Nagle/Bloomberg via Getty Images)
  • In today’s CEO Daily: Diane Brady breaks down new comments from Fed governor Christopher Waller.
  • The big story: BP hires Big Oil’s first female CEO, its fourth chief in six years.
  • The markets: Up in Europe, down in Asia.
  • Plus: All the news and watercooler chat from Fortune.

Good morning. I was at the Yale CEO Summit yesterday in New York, hosted by Jeffrey Sonnenfeld, senior associate dean of the Yale School of Management and longtime Fortune contributor. Much of the conversation focused on navigating a volatile business landscape and an administration that gets laurels for its pro-business policies and darts for how it deals with allies and anyone who speaks out against Trump or his policies. As always, Sonnenfeld kept it off the record to, as he put it, “tap into problem-solving instead of name-calling” and let divisive issues “be discussed constructively, free of grandstanding, ideological clichés, and tribal loyalty.” 

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