Central Banks
Fed Can Cut Rates This Year Absent Inflation Rebound, Waller Says
- Central bank should be methodical, careful when cuts begin
- No need to move as quickly as in past, says Christopher Waller
Federal Reserve Governor Christopher Waller said the US central bank should take a cautious and systematic approach when it begins cutting interest rates, a process that can start this year absent a rebound in inflation.
“As long as inflation doesn’t rebound and stay elevated, I believe the FOMC will be able to lower the target range for the federal funds rate this year,” Waller said at a virtual event hosted by the Brookings Institution on Tuesday.