PANews June 20 news, according to Jin Shi reports, "the Federal Reserve's mouthpiece" Nick Timiraos stated that Federal Reserve Governor Waller continues to maintain the most dovish stance among his colleagues on the Federal Open Market Committee (FOMC). Waller recently said, "I completely agree with the statement that perhaps we should start considering cutting the policy interest rate at the next meeting, as we do not want to wait until the labor market collapses before we start cutting the policy interest rate." Waller hinted at the dynamics within the committee—based on current data, there is no support within the FOMC for a rate cut in July. This raises a question: is he laying the groundwork for "dissenting in support of a rate cut" at the July meeting? Among those hoping to be nominated as Federal Reserve Chair, Waller may be the one who has thus far provided the most theoretically profound reasons for a rate cut.
