Waller, a potential candidate for the Federal Reserve chairman, supports a July rate cut: This has nothing to do with politics

Odaily Planet Daily News: Federal Reserve Board Governor Waller said on Thursday local time that even though the June employment data was strong, the Fed should still consider cutting interest rates at the July interest rate meeting. He emphasized in the question-and-answer session after his speech at the Dallas Fed: "I have made my point clear - the current policy interest rate level is too high, and we can discuss lowering the benchmark interest rate in July." He believes that inflation has cooled significantly, the job market has stabilized, and the recent price increases caused by tariffs are limited to specific commodities. He said, "When inflation is going down, we don't need to maintain such a tight policy stance. This is the decision-making logic that the central bank should have." The special thing about Waller's statement is not only the timing - the latest employment data has just shown that the labor market continues to be strong - but also because he is regarded as a popular candidate for the next Federal Reserve Chairman. US President Trump has repeatedly criticized Powell and urged him to step down early, and Waller is regarded as a potential successor because of his dovish stance. But Waller made it clear on Thursday: "Although I am in the minority, I have clearly demonstrated the feasibility of interest rate cuts with economic logic. This has nothing to do with politics."