US Federal Reserve Governor Christopher Waller Says He Is In Favor Of Pausing Interest Rate Cuts
US Federal Reserve Governor Christopher Waller has said that he is in favor of pausing interest rate cuts as inflation remains uneven. “I continue to believe that the current setting of monetary policy is restricting economic activity somewhat and putting downward pressure on inflation,” Waller said in a Feb. 17 speech in Sydney, Australia. Interest Rate Cuts Not Needed Because Inflation Numbers Are “Still Too High” Waller said during the speech that the current 12-month readings are lower than January of last year, which points to some progress. Despite this progress, Waller believes that the numbers are “still too high.” As such, he said he favors “holding the policy rate steady.” Waller did, however, leave open the possibility of future monetary easing.“If this winter-time lull in progress is temporary, as it was last year, then further policy easing will be appropriate,” Waller said during the speech. The...
