- Christopher Waller, a potential Fed chair successor to Jerome Powell, said rates could come down as soon as July. The Fed voted unanimously on Wednesday to continue its wait-and-see strategy ahead of expected tariff-fueled inflation this summer. Initial jobless claims data reflects a weaker labor market, but not one that should warrant an immediate rate reduction, economists say.
Federal Reserve Governor Christopher Waller said Friday that economic data could justify lower interest rates as early as next month, waiving off concerns of tariff-fueled price spikes and pointing to concerns about recent labor market data.
