#dinnerwithtrump Fed official's message on rate cuts
Fed Governor Christopher Waller said that firms could start laying off more workers if the Trump administration reimposes aggressive tariff rates, and that he would support rate cuts if unemployment increases significantly.
"I wouldn't be surprised if you see more layoffs and unemployment increases, especially if the big tariffs come back. I would expect more rate cuts and earlier cuts when we start to see a serious deterioration in the labor market," Waller said.
