Fed Governor Waller Inclined to Lower the Fed Funds Rate at the Next FOMC Meeting
During a speech this week, Fed Governor Christopher Waller expressed his belief that monetary policy remains restrictive and that rate cuts should continue over the next year.
Fed Continues its Rate Cutting Cycle as Expected
The Federal Reserve announced a 25-basis-point reduction in the target range for the federal funds rate this week, setting it at 4.5% to 4.75%. Previously, the rate was in the range of 4.75% to 5.0%.