TechFlow news, June 20 — According to Jinshi Data, "Fed whisperer" Nick Timiraos reported that Federal Reserve Governor Waller continues to hold the most dovish stance among his colleagues on the Federal Open Market Committee (FOMC).
Waller recently stated: "I fully support the idea that perhaps we should start considering cutting policy rates at our next meeting, because we don't want to wait until the labor market collapses before beginning to cut policy rates."
Waller hinted at dynamics within the committee—current data shows FOMC members do not support a rate cut in July. This raises a question: Is he laying the groundwork to dissent in favor of a rate cut at the July meeting? Among those hoping to be nominated as Fed chair, Waller may be the one who has so far presented the most theoretically grounded argument for rate cuts.
