Fed Governor Waller Calls for December Interest Rate Cut, Signaling Potential Shift in Monetary Policy

Federal Reserve Governor Christopher Waller has thrown his weight behind a potential interest rate cut in December, signaling a potential shift in the Fed’s monetary policy stance. His remarks follow data showing cooling economic activity and come as inflation shows signs of easing. This move would be the first since the Fed began its aggressive hiking cycle in 2022. Waller’s comments suggest a growing consensus among the central bank for a policy pivot, particularly as market sentiment is increasingly optimistic about potential lower interest rates.