I comprehensively covered Federal Reserve Governor Christopher Waller earlier:
The Wall Street Journal have a report too, gated but in summary:
Federal Reserve Governor Christopher Waller, seen as a potential successor to Chair Jerome Powell, delivered his strongest endorsement yet for a rate cut this month, aligning more closely with President Trump’s push for easier monetary policy.
- In a Thursday speech, Waller called for a 25 basis point cut at the July 29–30 FOMC meeting and signalled openness to further easing later in the year if inflation remains contained.
His stance contrasts with a growing chorus of Fed officials who warn that new tariffs may fuel persistent inflation, making further cuts too risky. Waller dismissed those concerns, arguing that trade barriers are likely to result in short-term price bumps, not sustained inflation, and that the Fed must stay alert to signs of slowing growth.
With the Fed entering its blackout period ahead of the July meeting, Waller’s remarks stand out amid internal division and ongoing White House pressure on Powell, who remains under political scrutiny despite Trump recently backing off direct threats to remove him.
Chris Waller
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