The Federal Reserve could cut interest rates “as early as July,” says Federal Reserve Gov. Christopher Waller.
This week, the U.S. central bank, including Waller, voted to leave interest rates unchanged for the fourth consecutive meeting, as officials wait for more tariff-related data and clarity.
But while the Federal Reserve has signaled a wait-and-see stance, Waller believes the Fed can act at the next Federal Open Market Committee meeting.
During a June 20 interview with CNBC’s “Squawk Box,” Waller said he doesn’t believe that President Donald Trump’s tariffs will reignite inflation or pose a risk to economic growth or the job market….