🔥 The Federal Reserve Supports Interest Rate Cuts in September and Expects More Cuts in 2025

🔥 Christopher Waller, a member of the Federal Reserve Board of Governors, confirmed his support for interest rate cuts at the September meeting, citing a decline in labor market conditions.

🔥 Waller said: "I think we need to start lowering interest rates at the next meeting, and then we don't have to proceed with a specific sequence of steps." He added: "We can see where things are heading, as people are still concerned about tariff inflation."

🔥 Waller indicated that the pace of future rate cuts will depend on economic developments. He stated: "I say that over the next three to six months, we may see multiple cuts," adding that the frequency of cuts - whether at every meeting or every other meeting - will be determined based on incoming data.

🔥 The Federal Reserve Governor acknowledged short-term inflation concerns but expressed confidence that price pressures will ease. Waller said: "We know we will see a temporary increase in inflation, but it will not be permanent, and after six months it will be closer to 2%."

🔥 He emphasized the central bank's flexibility in adjusting its approach, noting that "we can always adjust the pace of interest rate cuts" based on economic conditions.