Federal Reserve Governor Christopher Waller said Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting.
In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year, with others to follow so long as economic data on prices and unemployment cooperate...
In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year, with others to follow so long as economic data on prices and unemployment cooperate...
Key Points
- Fed
Governor Christopher Waller told CNBC on Thursday that the central bank
could lower interest rates multiple times this year if inflation eases
as he is expecting.
- “As long as the data comes in good on
inflation or continues on that path, then I can certainly see rate cuts
happening sooner than maybe the markets are pricing in,” he said.
- Traders increased their bets for a slightly more aggressive pace of rate cuts following Waller’s remarks.
RSK: Not so fast my fine feathered friends. Just the other say a FDC Board member said rate cuts were not in the future because of sticky inflation..Maybe some of you Bankers out there could chime in and tell us what you think....we won`t hold you to it...kind of like weather people...their forecast can be way off and they just blame Mother Nature changed her mind.
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- - Volume: 25 - WEEK: 4 Date: 1/21/2025 3:37:10 PM -