Waller restated the case he first revealed in a Thursday speech that the Fed should cut when policymakers gather later this month, given data suggesting the US labour market is “on the edge.”

Federal Reserve Gov. Christopher Waller on Thursday called for the central bank to cut interest rates in July. Waller said

Some officials want a July cut to protect the labor market, while others want to wait because they anticipate more inflation coming.

Federal Reserve Governor Christopher Waller said on Friday that unemployment in the private sector is the reason he may recommend a rate cut in the July Federal Reserve meeting. “The headline numbers for the labour market that we’re seeing are okay.

A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data showing ongoing resilience in the US economy and other central bankers pushing to keep rates steady.