Waller Urges Fed to Cut Rates Before Labor Market Deteriorates

Christopher Waller, a Federal Reserve governor and likely successor to Jerome Powell in 2026, advocates for an immediate rate cut ahead of a critical Fed meeting. He believes the labor market could deteriorate sharply, necessitating action before any further decline occurs. In an interview with CNBC, he emphasized that the American economy demands immediate action to prevent economic slowdown. Waller supports a flexible approach, cutting rates as early as September without committing to an automatic sequence of cuts, instead monitoring on-chain data for adjustments.