Fed governor Waller warns that delaying rate cut past July could hurt economy

Federal Reserve Governor Christopher Waller press for a 0.25% reduction in the FOMC’s policy rate by the end of July, citing the temporary nature of tariff-induced inflation and the need to act before any further decline in the labor market.

Despite Waller’s advocacy, most investors believe that the Federal Reserve will postpone rate cuts until September. They anticipate that ongoing economic data will dictate further cuts beyond July.