Top Federal Reserve official calls for rate cuts as soon as July The US Federal Reserve should begin cutting interest rates as soon as next month, a top official has said, underscoring the deepening schism at the central bank on whether to reduce borrowing
Fed’s Waller Says Fed Could Begin Cutting Rates in July Federal Reserve Governor Christopher Waller said Friday that the central bank could begin lowering interest rates as soon as next month, arguing that inflation has cooled and that policymakers should not wait for the labor market to weaken before acting