Federal Reserve Governor Christopher Waller emphasized the urgent need for the US central bank to lower interest rates this month due to rising labor market risks. He stated, "The balance of risks has shifted toward the employment side of our dual mandate, and policy needs to adjust accordingly." This indicates a significant shift from previous stances on interest rates as he highlights the current economic indicators and their implications for employment.
Waller's prepared remarks suggest an urgency for decisive actions, as he commented, "The current batch of data no longer requires patience, it requires action." This statement reflects the need for policymakers to respond proactively to the changing economic landscape, particularly as recent employment statistics reveal a slowdown in job creation.
Collection
[
|
...
]