May 21, 2024 17:32 GMT
Waller - Could Consider Cutting At End Of This Year
FED
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- Speaking to CNBC after his earlier in-depth discussion on the economic and monetary policy outlook, Fed Governor Waller (voter) offers a balanced view, not expecting a need to hike further but only considering cutting late this year.
- He earlier said he needs to see several more good inflation prints to cut.
Bloomberg headlines:
- Policy will have to bite to bring inflation down.
- He reiterated from earlier that he thinks monetary policy is tight enough, the data is not looking like we need to raise rates.
- If data warrant, could consider cutting at the end of this year but the idea of only one cut doesn’t make a lot of sense.
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