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.
