TechFlow, July 18 — According to Jinshi Data, Federal Reserve Governor Waller said concerns about private-sector hiring prompted his call for the Fed to cut interest rates this month. In an interview on Friday, Waller stated, "The private sector is not performing as well as people think." The June jobs report released in early July showed that despite a decline in the unemployment rate, private-sector employment growth slowed significantly and wage growth also decelerated. However, Waller declined to say whether he would dissent if other policymakers decide against a rate cut when they meet in Washington on July 29–30. Additionally, Waller said he would be willing to serve as Fed Chair if invited by Trump, though no contact has been made yet.
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