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Fed Gov. Waller wants 'several months' of good inflation data before lowering rates

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Federal Reserve Bank News

Inflation,Interest Rates,Markets

Fed Gov. Christopher Waller said Tuesday that he does not think further interest rate increases will be necessary.

However, cuts are probably "several months" away, the central bank official said during a speech in Washington.

The comments came in prepared remarks for an appearance before the Peterson Institute for International Economics in Washington. Though payroll gains have been solid, internal metrics such as the rate at which workers are leaving their jobs show that the ultra-tight labor market that had driven up wages last a level consistent with the Fed's 2% inflation goal has displayed signs of loosening, he added.

 

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