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Waller Looks To Lower Rates Methodically and Carefully When Time Is Right

FED
  • Fed's Waller (permanent voter) in his speech titled "Almost as Good as It Gets…But Will It Last?" - full remarks here.
  • "As long as inflation doesn’t rebound and stay elevated, I believe the FOMC will be able to lower the target range for the federal funds rate this year. This view is consistent with the FOMC’s economic projections in December, in which the median projection was three 25-basis-point cuts in 2024,"
  • "When the time is right to begin lowering rates, I believe it can and should be lowered methodically and carefully."
  • "I see no reason to move as quickly or cut as rapidly as in the past."
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