The post Chris Waller Advocates for December Fed Rate Cut, Citing Labor-Market Weakness appeared on BitcoinEthereumNews.com. Federal Reserve Governor Chris Waller has revealed that he will vote for a Fed rate cut at the December FOMC meeting. This comes just days after Fed President John Williams signaled his support for another cut, which is a positive for the crypto market as the odds of a third rate cut this year climb. Waller Says He Will Advocate For Another Fed Rate Cut In a FOX Business interview, the Fed governor stated that he will be advocating for another cut at next month’s FOMC meeting. This came as he noted that the private data they have gotten shows that the labor market continues to weaken. He added that inflation didn’t turn out as bad as they expected when they got the CPI inflation report. As such, Waller remarked that he doesn’t view inflation as a big problem and that he expects it to start pulling back. Meanwhile, he doesn’t see any evidence that the labor market is rebounding despite the September jobs report, which is why he is advocating for another Fed rate cut. Notably, Waller, who is currently one of the Fed chair candidates, has continued to advocate for a rate cut since earlier in the year and dissented in favor of a 25-basis-point cut at the July meeting. Meanwhile, he indicated that they could take a meeting-by-meeting approach from January next year once they have more macro data to work with. Waller’s comments come just days after New York Fed President John Williams signaled that he could support another Fed rate cut at the December FOMC meeting. However, FOMC members currently hold differing views on whether to make another cut next month. Fed Presidents Lorie Logan and Susan Collins stated that holding rates steady may be appropriate for now, while citing inflation concerns. Odds Of Another… The post Chris Waller Advocates for December Fed Rate Cut, Citing Labor-Market Weakness appeared on BitcoinEthereumNews.com. Federal Reserve Governor Chris Waller has revealed that he will vote for a Fed rate cut at the December FOMC meeting. This comes just days after Fed President John Williams signaled his support for another cut, which is a positive for the crypto market as the odds of a third rate cut this year climb. Waller Says He Will Advocate For Another Fed Rate Cut In a FOX Business interview, the Fed governor stated that he will be advocating for another cut at next month’s FOMC meeting. This came as he noted that the private data they have gotten shows that the labor market continues to weaken. He added that inflation didn’t turn out as bad as they expected when they got the CPI inflation report. As such, Waller remarked that he doesn’t view inflation as a big problem and that he expects it to start pulling back. Meanwhile, he doesn’t see any evidence that the labor market is rebounding despite the September jobs report, which is why he is advocating for another Fed rate cut. Notably, Waller, who is currently one of the Fed chair candidates, has continued to advocate for a rate cut since earlier in the year and dissented in favor of a 25-basis-point cut at the July meeting. Meanwhile, he indicated that they could take a meeting-by-meeting approach from January next year once they have more macro data to work with. Waller’s comments come just days after New York Fed President John Williams signaled that he could support another Fed rate cut at the December FOMC meeting. However, FOMC members currently hold differing views on whether to make another cut next month. Fed Presidents Lorie Logan and Susan Collins stated that holding rates steady may be appropriate for now, while citing inflation concerns. Odds Of Another…