Waller Calls for 25 Basis Point Rate Cut at Upcoming Fed Meeting

Federal Reserve Governor Christopher Waller has indicated support for a 25 basis point interest rate decrease at the upcoming Federal Open Market Committee (FOMC) meeting in September. He anticipates additional reductions within the coming months, stating they are likely to occur over the next three to six months unless unexpected economic downturns or an uncontrolled rise in inflation present challenges that necessitate a larger move this time around.