Fed Governor Waller urges caution for now, says rate cuts possible later in the year

Key Points

Federal Reserve Governor Christopher Waller on Friday expressed caution about current conditions but still sees the opportunity for interest rate cuts as the year goes on.
In a CNBC interview, the policymaker said “if things go reasonably well and the labor market continues to be weak, I would start advocating again for cutting the policy rate later this year.”

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