Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp

Published On Sep 20, 2024, 11:37 AM

Federal Reserve Governor Christopher Waller indicated his support for a half-percentage point rate cut in response to unexpectedly rapid declines in inflation. He noted that inflation measures have dropped below the Fed's target of 2%, running at approximately 1.8% over the last four months. Waller's comments suggest a shift in monetary policy that could be influential for economic conditions.