Fed Whisperer: Fed Governor Waller shifts stance, open to rate cuts in September
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Fed Whisperer: Fed Governor Waller shifts stance, open to rate cuts in September
According to Jinshi Data, "Fed whisperer" Nick Timiraos said Federal Reserve Governor Christopher Waller agreed with recent comments suggesting the Fed could cut interest rates as early as September to maximize the economy's chances of achieving a soft landing. In remarks prepared for a speech on Wednesday in Kansas City, he stated: "While I don't think we've reached the finish line, I do believe we are getting closer to a point where it would be reasonable to begin lowering policy rates." This marks a notable shift from his stance two months ago, when he suggested the Fed wouldn't need to cut rates before December. He is now clearly open to a rate cut in September.
Navigating Web3 tides with focused insightsTechFlow news — On July 17, according to Jinshi Data, "Fed whisperer" Nick Timiraos reported that Federal Reserve Governor Christopher Waller has aligned with recent dovish comments, suggesting the Fed could potentially cut interest rates as early as September to maximize the economy's chances of achieving a soft landing. In remarks prepared for a Wednesday speech in Kansas City, Waller stated: "While I don't believe we've reached the finish line yet, I do believe we are getting closer to a point where it may be appropriate to begin lowering policy rates." This marks a significant shift from his stance two months ago, when he suggested the Fed would not need to cut rates before December. Now, he is clearly open to a rate cut as early as September.
