Federal Reserve Governor Christopher Waller, a top contender to succeed Jerome Powell as Fed chair in 2026, said Wednesday that the central bank should move quickly to cut interest rates and retain flexibility to adjust its approach in the months ahead, CNBC reported.
Speaking on CNBC’s “Squawk Box,” Waller warned that the economy’s strength can shift rapidly.
“When the labor market turns bad, it turns bad fast. … So for me, I think we need to start cutting rates at the next meeting,” he said. “We don’t have to go into a lock sequence of steps. We can kind of see where things are going because people are still worried about tariff inflation. I’m not, but everybody else is.”
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