Christopher Waller, Governor of the Federal Reserve, revealed some good news on Friday that should assuage economic fears concerning tariffs and inflation.
During an interview with CNBC, Waller said that he, along with his colleagues, should begin the process of making cuts slowly, but then start to ease since inflation is no longer posing a major economic threat to the country. The central banker also said he expects that to continue.
“I think we’re in the position that we could do this as early as July,” Waller remarked during a “Squawk Box” interview with host Steve Liesman. “That would be my view, whether the committee would go along with it or not.”
According to CNBC, Waller’s comments come several days after the Federal Open Market Committee (FOMC) held a vote and decided to keep its key interest rate where it is currently. This marks the fourth straight hold since the last cut was made in December 2024.
Waller, who was nominated for the position of governor during President Donald Trump’s first term, has been persistently badgering the Fed to reduce interest rates in order to reduce borrowing costs on the $36 trillion national debt.
