By Bryan Mena, CNN
Washington (CNN) — Christopher Waller, who serves on the Federal Reserve’s Board of Governors, said Friday the central bank should deliver interest rate cuts as soon as July, echoing President Donald Trump’s demands for lower borrowing costs.
In an interview with CNBC, Waller said the effects of Trump’s hefty tariffs on goods imported by the US will likely be limited and that central bankers should “look through these type of price shocks” because they’ll likely only result in a “one-off” increase in inflation.
“We’re in a good spot right now for talking about bringing the rate down,” Waller said.
He stopped short of calling for the supersized rate cuts Trump has demanded, saying that the Fed should “start slow.”
For months, Trump has blasted the Fed and its leader, Jerome Powell, for not lowering rates quickly enough.
This story is developing and will be updated.
The-CNN-Wire™ & © 2025 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
A top Fed official just joined Trump in calling for imminent rate cuts News Channel 3-12.
Read More Details
Finally We wish PressBee provided you with enough information of ( A top Fed official just joined Trump in calling for imminent rate cuts )
Also on site :