Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation.
by Jeff Cox
CNBC.com
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.
“Based on the economic data in hand today and forecasts that show that inflation will continue on its downward path to 2 percent over the medium term, at present I lean toward supporting a cut to the policy rate at our December meeting,” Waller said in remarks before a monetary policy forum in Washington.
However, he noted the “decision will depend on whether data that we will receive before then surprises to the upside and alters my forecast for the path of inflation.”
Waller cited recent data indicating that progress on inflation may be “stalling.”