Fed Governor Waller Pushes for Rate Cut, Signaling Potential Crypto Rally

Federal Reserve Governor Christopher J. Waller has expressed his support for a 25 basis point interest rate cut at the upcoming Federal Open Market Committee (FOMC) meeting. This announcement aligns with recent FOMC minutes and signifies a move towards a more neutral monetary policy stance. Waller’s stance reflects concerns regarding slow GDP growth and stable inflation, driving the call for a policy rate closer to neutrality. This could pave the way for further rate cuts in the near future.