PANews reported on November 24th that Federal Reserve Governor Waller stated, "My focus is on the labor market, and I advocate for a rate cut in December." He noted that most private sector data indicates a weak job market. Since the Fed's last meeting, existing data shows little change, and inflation is not a major issue. January will be challenging, with a large amount of data to be released to determine whether another rate cut is needed; we need to assess each meeting individually. If the data shows a rebound, we can be more cautious. He still doesn't believe the labor market will turn around in the coming weeks. September's employment data may be revised downwards; a concentrated data release is not a good sign. There are no signs of an impending hiring spree. Inflation has risen, but I believe it will begin to decline. The inflation rate, excluding tariffs, is approximately 2.4% or 2.5%. He also mentioned that he spoke with Treasury Secretary Bessant about 10 days ago, and the meeting went very smoothly.PANews reported on November 24th that Federal Reserve Governor Waller stated, "My focus is on the labor market, and I advocate for a rate cut in December." He noted that most private sector data indicates a weak job market. Since the Fed's last meeting, existing data shows little change, and inflation is not a major issue. January will be challenging, with a large amount of data to be released to determine whether another rate cut is needed; we need to assess each meeting individually. If the data shows a rebound, we can be more cautious. He still doesn't believe the labor market will turn around in the coming weeks. September's employment data may be revised downwards; a concentrated data release is not a good sign. There are no signs of an impending hiring spree. Inflation has risen, but I believe it will begin to decline. The inflation rate, excluding tariffs, is approximately 2.4% or 2.5%. He also mentioned that he spoke with Treasury Secretary Bessant about 10 days ago, and the meeting went very smoothly.
Federal Reserve Governor Waller: I advocate for a rate cut in December.
PANews reported on November 24th that Federal Reserve Governor Waller stated, "My focus is on the labor market, and I advocate for a rate cut in December." He noted that most private sector data indicates a weak job market. Since the Fed's last meeting, existing data shows little change, and inflation is not a major issue. January will be challenging, with a large amount of data to be released to determine whether another rate cut is needed; we need to assess each meeting individually. If the data shows a rebound, we can be more cautious. He still doesn't believe the labor market will turn around in the coming weeks. September's employment data may be revised downwards; a concentrated data release is not a good sign. There are no signs of an impending hiring spree. Inflation has risen, but I believe it will begin to decline. The inflation rate, excluding tariffs, is approximately 2.4% or 2.5%. He also mentioned that he spoke with Treasury Secretary Bessant about 10 days ago, and the meeting went very smoothly.
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