A top Fed official just joined Trump in calling for imminent rate cuts | CNN Business

Washington CNN  — 

Christopher Waller, who serves on the Federal Reserve’s Board of Governors, said Friday the central bank should deliver interest rate cuts as soon as July, echoing President Donald Trump’s demands for lower borrowing costs.

In an interview with CNBC, Waller said the effects of Trump’s hefty tariffs on goods imported into the US will likely be limited and that central bankers should “look through these type of price shocks” because they’ll likely only result in a “one-off” increase in inflation.

“We’re in a good spot right now for talking about bringing

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

China tightens internet controls with new centralized form of virtual ID | CNN Business

Hong Kong CNN  —  China has mastered the craft of policing the internet, operating one of the world’s most...

Kari Lake follows through on Trump order, axes most of Voice of America’s staff | CNN Business

CNN  —  After three months of legal battles and lobbying, the Voice of America network is officially being...

Meta Poaches the CEO of a $32 Billion AI Startup — After Trying to Buy the Company and Being Told No

Meta is taking an aggressive approach to hiring new members of its Superintelligence lab, the group tasked with developing AI that is more...