Fed Governor Waller says central bank could cut rates as early as July

Key Points

Fed Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be looking to lower interest rates as early as next month.
“If you’re starting to worry about the downside risk [to the] labor market, move now, don’t wait,” he said.
Most Fed policymakers prefer a wait-and-see approach, with market pricing indicating the next rate cut won’t come until September.

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