Fed Governor Waller Advocates for December Rate Cut Amid Labor Market Weakness
Federal Reserve Governor Christopher Waller has signaled support for another interest rate cut at the December FOMC meeting, citing deteriorating labor market conditions and disproportionate impacts on lower-income households. "With underlying inflation near our target and clear softening in employment data, a 25 basis point reduction WOULD be a prudent risk management measure," Waller stated during his London address to the Society of Professional Economists.
The governor dismissed inflation surge concerns, pointing to weakening labor demand as evidence of contained price pressures. His remarks come as markets increasingly price in dovish Fed policy, a development historically correlated with capital inflows into risk assets including cryptocurrencies.
