Fed Governor Backs Rate Cut
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Federal Reserve Governor Christopher WallerCNBC
•Fed Governor Waller backs interest rate cut at September meeting
80% Informative
Fed Governor Christopher Waller says the time has come to lower the target range for the federal funds rate.
His remarks follow a weaker-than-expected nonfarm payrolls report Friday that added to belief that the pace of hiring is weakening.
Waller repeated verbiage that Fed Chair Jerome Powell used in late August — that the "time has come" for adjustments.
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