On Monday, Federal Reserve Governor Christopher Waller indicated he is “leaning toward” supporting an interest rate cut at the central bank’s December meeting while acknowledging recent inflation data has raised concerns about price pressures stalling above the Fed’s 2% target.
What Happened: Speaking at the American Institute for Economic Research Monetary Conference in Washington, D.C., Waller emphasized that monetary policy remains restrictive even after 75 basis points of cuts since September. He expects rate reductions to continue over the next year until reaching a more neutral policy stance.
