A top Fed official, considered a candidate to replace Powell, keeps calling for a rate cut this month

Government

Washington CNN  —  A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data showing ongoing resilience in the US economy and other central bankers pushing to keep rates steady. Fed Governor Christopher Waller, at a New York event, said the US central bank should lower borrowing costs at its July 29-30 policy meeting to preserve the labor market’s strength. “With inflation near target and the upside risks to inflation limited,

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Krugman on Trump's Call for Fed Rate Cut, Powell Successor Bloomberg Markets and Finance - 18.07.2025 00:44
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Krugman on Trump's Call for Fed Rate Cut, Powell Successor Bloomberg Markets and Finance - 18.07.2025 00:44
Krugman on Trump's Call for Fed Rate Cut, Powell Successor Bloomberg Markets and Finance - 18.07.2025 00:44