Fed's Waller: I'm all in favor of saying 'maybe we should think about cutting' in July.
- I'm all in favor of saying 'maybe we should think about cutting at the next meeting'
- Tariffs 'are not going to cause persistent inflation'
- Tariffs will be a one-time factor
- The Fed should not wait for the job market to crash in order to cut rates
- The job market is solid but starting to see things like high unemployment for recent grads
- The Fed has been on pause for six months waiting for an inflation shock that has not arrived
- The Fed has room to bring rates down and then can see what happens with inflation
- The Fed is in a position as early as July for cuts
- Tariffs will not be completely passed through, a 10% tariff on all imports would not have much impact on overall inflation
- I'm not sure if the committee would go along
