Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’

Key Points

Fed Governor Christopher Waller said Friday that he continues to support lowering interest rates but said the central bank needs to be careful amid conflicting economic signals.
“I want to move towards cutting rates, but you’re not going to do it aggressively and fast, in case you make a big mistake on which way that things go,” he said in a CNBC interview.
The monetary policy comments came shortly after a CNBC report that Waller is one of five finalists to replace Fed Chair Jerome Powell when his term expires in May 2026.

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