Fed Governor Waller sees need for 'more caution' ahead when lowering interest rates

Published On Oct 14, 2024, 3:02 PM

Fed Governor Christopher Waller recently indicated that any future cuts to interest rates will be more cautious than the significant decrease made in September. He asserts that recent economic data does not show signs of a slowing economy, which suggests that the Federal Reserve should proceed carefully with rate adjustments. His remarks were made during a conference, reflecting a concern that the economy remains robust and possibly too hot, leading to a more gradual approach in monetary policy.