Washington CNN —
A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data showing ongoing resilience in the US economy and other central bankers pushing to keep rates steady.
Fed Governor Christopher Waller, at a New York event, said the US central bank should lower borrowing costs at its July 29-30 policy meeting to preserve the labor market’s strength.
“With inflation near target and the upside risks to inflation limited, we should not wait until the labor market deteriorates before we cut
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