Fed/Waller: If customs duties drop to around 10%, we would be in a good position to lower interest rates for the rest of the year.
Federal Reserve (Fed) Vice Chairman Christopher Waller stated that if the trade tariff agenda of the Trump administration settles at the bottom of the agenda, interest rate cuts would be on the table for the central bank.
In a statement to Fox Business, Waller said, 'If we can reduce customs duties to around 10% and everything is sealed, completed, and delivered by July, then we would be in a good situation for the second half of the year. At that point, we would be well-positioned to pursue interest rate cuts in the second half of the year.'
