“For me, the central question is how much and how fast to reduce the target for the (Fed's key) rate, which I believe is currently set at a restrictive level,” Christopher Waller, an influential member of the Fed's Board of Directors, said in a speech last month.
Jerome Powell set to cut Federal Reserve rates again while facing a hazy post-election outlook
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If inflation kept cooling at its current pace, Waller said, he could support additional half-point rate cuts.
The Fed views its inflation fight as a success. Will the public eventually agree?
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