The Federal Reserve (FED) dovish Waller: may consider cutting interest rates at the next meeting to avoid a collapse in the labor market.

[Golden Finance] According to reports, “The Federal Reserve’s mouthpiece” Nick Timiraos stated that Federal Reserve Board Governor Waller continues to maintain the most dovish stance among his colleagues on the Federal Open Market Committee (FOMC). Waller recently said, “I fully agree with the notion that perhaps we should start considering cutting the policy interest rate at the next meeting, as we don’t want to wait until the job market collapses before we begin cutting the policy interest rate.” Waller hinted at the dynamics within the committee — according to current data, there is no support within the FOMC for a rate cut in July. This raises the question: is he laying the groundwork for “dissenting support for a rate cut” at the July meeting? Among those hoping to be nominated as Chair of the Federal Reserve, Waller may be the one who has offered the most theoretically profound reasons for a rate cut so far.