Fed Governor Waller Indicates No Urgent Need for Rate Cuts

According to BlockBeats, on March 28, Federal Reserve Governor Christopher Waller, who serves as a recent policy indicator for the central bank, stated that there are no urgent signs for rate cuts at the moment. He emphasized that disappointing inflation data suggests that rate cuts this year may be delayed or reduced. Waller expressed his desire to see 'at least a few months of improved inflation data' before proceeding with rate cuts. He pointed out that a strong economy and employment provide the Federal Reserve with more room to wait. In a prepared speech at the New York Economic Club on Wednesday, Waller said, 'In my view, based on recent data, it is appropriate to reduce the total number of rate cuts or postpone them to the future. I believe that economic output and the labor market show continued strength, while progress in reducing inflation has slowed. Given these signs, I see no need to rush to begin easing monetary policy.' Waller used the term 'no rush' four times in his speech, including in the title of his prepared remarks.