Waller supports a December rate cut, citing persistent labor market weakness from private data and subdued inflation pressures amid steady economic indicators.
Federal Reserve Governor Waller voiced support for an interest rate cut in December, attributing the stance to weak labor market data and reduced inflation pressures. He noted that most private-sector indicators point to employment softness and expects that January's assessments will remain challenging. Waller reiterated earlier concerns over potential downward revisions to September jobs figures and emphasized that inflation is not a primary policy concern at present.