Federal Reserve Governor Christopher Waller says that with inflation on the decline, 'the balance of risks has shifted toward the employment side of our dual...
Federal Reserve Governor Christopher Waller says that with inflation on the decline,"the balance of risks has shifted toward the employment side of our dual mandate " and that"the time has come to lower the target range for the federal funds rate at our upcoming meeting ."We're just hearing from fed Governor Chris Waller who says the time has come to cut interest rates at the next policy meeting.
Waller said that while the labor market has clearly cooled based on the evidence, he sees, he does not believe the economy is in recession or necessarily headed for one soon.He sees a series of rate cuts noting that if subsequent data shows significant deterioration in the job market that that can act quote quickly and forcefully to cut rates.And if the data support cuts at consecutive, he is for that.
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LONDON — A man who helped fuel a fire outside a hotel housing more than 200 asylum-seekers was sentenced Friday to nine years in prison, the longest punishment handed so far to those involved in last month’s wave of far-right riots in England.Japan's leader makes a farewell visit to Seoul and reaffirms sympathy for Korean colonial victims
Christopher Waller Federal Funds Rate Upcoming Meeting Dual Mandate
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