Did Waller get the final phrase? Federal Reserve blackout forward of July assembly begins quickly.

Federal Reserve Governor Christopher Waller spoke earlier:

• Fed’s Waller says the FOMC should cut interest rates by 25bp at the July meeting
• More from Waller: Lots of uncertainty around long term Fed Fund rate, 3% seems right
• Wall Street Journal on Waller comment: strongest endorsement yet for a rate cut this month

I don’t have any Federal Reserve speakers scheduled for today, Friday, July 18, 2025. Which doesn’t mean one won’t pop up on some media interview or other, these often don;t make it onto calendars.

Beginning tomorrow, Saturday, July 19, 2025 the ‘blackout’ period begins:

• The ‘blackout’ policy from the Federal Reserve limits the extent to which Federal Open Market Committee participants and staff can speak publicly or grant interviews.
• The period begins the two Saturdays preceding a Federal Open Market Committee (FOMC) meeting.

This article was written by Eamonn Sheridan at www.forexlive.com.