Fed, Trump and interest rates
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By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank if asked by President Donald Trump,
A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.
A member of the Federal Reserve Board of Governors says the central bank should slash interest rates by the next Federal Open Market Committee (FOMC) meeting, which is scheduled for July 29th.
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Fed’s Waller says labor market is weaker than it looks, justifying interest-rate cut this month
Federal Reserve Governor Christopher Waller on Thursday laid out the argument he is going to make in two weeks to his central bank colleagues — cut interest rates now because the labor market is weaker than you think,
Federal Reserve governor Christopher Waller, a Trump appointee from the president’s first term and a contender to succeed Jerome Powell as chair, said he would accept the top job if offered. “If \[Trump\] says ‘Chris,
Fed Governor Waller discusses balance sheet challenges, QT into 2029, and risks to Fed independence. Read the implications for markets if Powell leaves the Fed.
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