Flexible average: Waller poses for a photo in Washington. The Fed governor says the evidence is strong that policy continues to be significantly restrictive and that cutting rates again will only mean that it isn’t pressing on the brake pedal quite as hard. — AP
NEW YORK: Three Federal Reserve (Fed) officials have made it clear they expect the US central bank to continue cutting interest rates over the next year, but stopped short of saying they are committed to making the next reduction later this month.
Fed governor Christopher Waller, addressing a conference in Washington, said he’s inclined to vote to lower borrowing costs when Fed officials gather on Dec 17 and 18, but added that data due before then could make the case for holding rates steady.
