Policy debate: Waller arrives with his team for a Fed board open meeting in Washington. The governor says that while dissent is healthy in an organisation, policy votes that become too razor-thin could undermine the path of interest rates. — Bloomberg
LONDON: US firms have begun talking more frequently about layoffs as they plan for weaker demand and possible productivity gains from artificial intelligence (AI), Federal Reserve governor Christopher Waller says in remarks that continued to build the case for further rate cuts amid a broad policy dispute at the US central bank.
“Four to six weeks ago, we were still in this kind of no-hire, no-fire mode,” Waller said in remarks to the Society of Professional Economists in London.
