Waller Says Fed Should Cut Rates Now With Labor Market on Edge
Christopher Waller
Photographer: David Paul Morris
Good morning. The Federal Reserve’s Christopher Waller calls for an interest rate cut this month. Keir Starmer hints that the UK may join Germany in buying weapons for Ukraine. And Stephen Colbert’s Late Show will be cancelled in May next year. Listen to the day’s top stories.
US Federal Reserve Governor Christopher Waller called for a quarter-point rate cut this month, given that inflation is near target and upside risks to price rises are limited. His remarks set him apart from most of his fellow policymakers, who characterize the employment landscape as solid.