TechFlow news, March 7 — According to Jinshi Data, Federal Reserve Governor Christopher Waller said on Thursday he strongly opposes a rate cut at the Fed's upcoming policy meeting this month, although he remains open to potential rate cuts later this year if inflationary pressures continue to ease. Waller stated he does not currently have enough inflation data to determine whether a rate cut is warranted, especially amid significant uncertainty caused by former President Trump's trade policies.
In the longer term, Waller said the monetary policy outlook presented by officials at the December meeting still appears credible. He noted that projections for two rate cuts each in 2024 and 2025 "seem perfectly reasonable," adding, "I don't see anything wrong with that number, even if the actual outcome differs slightly." The Fed governor also said that when assessing inflation expectations, he places greater weight on market-based indicators than on survey data. In this regard, market pricing suggests traders and investors believe Trump's current policy agenda has no real impact on long-term inflation.
