Fed Signals Less Aggressive Rate Cuts

This is a news story, published by CNBC, that relates primarily to Christopher Waller news.

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baseline interest rate

CNBC

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Fed Governor Waller sees need for 'more caution' ahead when lowering interest rates

Summary

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86% Informative

Fed Governor Christopher Waller : "My baseline still calls for reducing the policy rate gradually over the next year " Waller expressed concern that the economy could still be running at a hotter-than-desired pace.

The Federal Open Market Committee at its September meeting took the unusual step of lowering its baseline interest rate.

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formal

Language

English

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not offensive

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