Fed Waller: If progress in lowering inflation continues, an interest rate cut may be possible in a few months

Waller, the generally hawkish Fed governor, said on Tuesday that he was "increasingly confident" that the interest rates currently set by the central bank will prove sufficient to push inflation down to its 2% goal, while acknowledging that if work to lower inflation continues, progress, a rate cut is possible in a few months. "The trend in inflation is pretty much where I thought it would be," Waller said at an American Enterprise Institute (AEI) event, adding that if progress continues, "for a few more months... three months, four months, Five months ... we can start lowering policy rates because inflation is lower." Waller added that this has nothing to do with saving the economy, which complies with all policy rules. (Golden Ten)