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Fed Governor Waller backs interest rate cut at September meeting

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Summary
Nutrition label

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.

VR Score

91

Informative language

96

Neutral language

69

Article tone

semi-formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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