WASHINGTON — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. Speaking at George Washington University, Christopher Waller, a key member of the Fed’s Board of Governors, said he was confident that inflation is headed lower and that the central bank will likely keep reducing its key rate, which affects many consumer and business loans. But he noted that there’s a risk that inflation “may be getting stuck above” the Fed’s 2% target, which would support an argument for keeping the Fed’s rate unchanged this month. “At present, I lean toward supporting a cut to the policy rate at our December meeting,” Waller said in his remarks to a conference held by the American Institute for Economic Research.
A Top Fed Official Leans Toward December Rate Cut But Says It Depends On Economic Data
Christopher Rugaber, Chicago Tribune: Business
Mon, 12/02/2024 - 3:46pm
Topics: federal reserve speaking george washington university christopher waller fed s board governors december american institute economic research waller s july-september and donald trump s november in october if cutting mma earlier monday raphael bostic fed s atlanta washington a fed i waller waller fed s at in i trump s september i data rate cut month growth key weeks year economy expected remarks unchanged support consumer target
BING NEWS:
- A top Fed official leans toward December rate cut but says it depends on economic data
WASHINGTON (AP) — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before ...
12/2/2024 - 2:50 pm | View Link - Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.
12/2/2024 - 7:57 am | View Link - Fed’s Waller Is Leaning Toward a December Rate Cut
The central bank governor said that while the recent uptick in inflation does raise concerns that price growth could get stuck above the Fed’s 2% goal, he doesn’t want to overreact.
12/2/2024 - 7:24 am | View Link - Fed's Waller leans toward December rate cut, sees more cuts over next year
Federal Reserve Governor Christopher Waller discusses economic outlook in speech at American Institute for Economic Research.
12/2/2024 - 6:21 am | View Link - More
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