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"The Federal Reserve's megaphone": The Federal Reserve Board of Governors member Waller continues to maintain his most dovish stance.
According to Deep Tide TechFlow news on June 20, Jin10 data reported that "the Federal Reserve's mouthpiece" Nick Timiraos stated that Federal Reserve Board of Governors member Waller continues to maintain the most dovish stance among his colleagues on the Federal Open Market Committee (FOMC).
Waller recently stated: "I fully agree with the idea that we should perhaps start considering a reduction in the policy rate at the next meeting, as we do not want to wait until the labor market collapses before we begin to reduce the policy rate."
Waller hinted at the internal dynamics of the committee—according to current data, there is no support within the FOMC for a rate cut in July. This raises the question: is he laying the groundwork for "supporting dissent for a rate cut" at the July meeting? Among those hoping to be nominated as the chair of The Federal Reserve, Waller may be the one who has presented the most theoretically grounded reasons for a rate cut so far.