U.S. Federal Reserve Governor Christopher Waller at a Fed’s Forest Language Event held in Washington, DC, USA on Friday, March 22, 2024. (Al Drago/Bloomberg via Getty Images)
One of the top Fed officials said Friday that he believes central banks should lower interest rates next month.
“I think we can do that as early as July,” said Fed Gov. Christopher Waller. In a CNBC interview. “That’s my opinion, whether the committee will do it with it or not.”
Waller added that he would not expect inflation that could lead to tariffs would be prolonged or persisted for a long time.
“I don’t think we need to wait any longer because even if the tariffs come up later, the impact is still the same,” Waller said. “This should be a one-time effect and will not lead to sustained inflation.”
Fed Keep interest rates stable Officials came after a two-day meeting Wednesday. The baseline rate of this action is within its current range of 4.25% to 4.50%.
“Unemployment remains low, labor market conditions remain stable. Inflation remains higher.” Fed Statement explain. This is the fourth meeting, with Fed officials deciding to sit tight and not change interest rates in any direction. They still show that there are two reduction rates on the deck in 2025.
“Now, we have a guy who refuses to lower the Fed rate, just refuses to do that,” he said. “He’s not a smart guy. I don’t even think he’s political. I think he hates me, but that’s OK.”
📬 Register a daily summary
Health & Wellness Contributor
A wellness enthusiast and certified nutrition advisor, Meera covers everything from healthy living tips to medical breakthroughs. Her articles aim to inform and inspire readers to live better every day.
