Economy

Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts

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Fed Governor Christopher Waller: Fed should lower rates 'methodically and carefully'

Federal Reserve Governor Christopher Waller acknowledged Tuesday that interest rate cuts are likely this year, but said the central bank can take its time relaxing monetary policy.

The comments, delivered during a speech in Washington, D.C., seemed to counter market anticipation for aggressive easing this year.

“As long as inflation doesn’t rebound and stay elevated, I believe the [Federal Open Market Committee] will be able to lower the target range for the federal funds rate this year,” Waller said in prepared remarks for an audience at the Brookings Institution.

“When the time is right to begin lowering rates, I believe it can and should be lowered methodically and carefully,” he added….



Source cnbc.com

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