Fed's Waller: I'd Support 'Good News' Rate Cuts This Year
A short-lived bump in tariff-driven inflation could pass quickly enough to allow interest-rate cuts this year, especially if levies ease, Federal Reserve governor Christopher Waller said.
New trade barriers are likely to push up prices in the short term, but inflation probably won't stick around as stubbornly as it did in the early 2020s, Waller said in a speech in South Korea. 'I would be supporting 'good news' rate cuts later this year,' assuming tariffs levels are moderate and inflation and unemployment look healthy, he said, according to a text of his speech. Read more:
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