Comments from two officials, both appointed by President Trump, suggest a split among policymakers.
Tariffs
Supported by
Comments from two officials, both appointed by President Trump, suggest a split among policymakers.
By Ben Casselman
A second Federal Reserve official has indicated that the central bank should begin cutting rates as soon as next month — the latest sign of division among policymakers about how to respond to the uncertainty caused by President Trump’s shifting economic policies.
Because tariff effects may be smaller than expected
Christopher J. Waller, who was appointed by President Trump, said the central bank should not wait for the labor market to weaken.
The Federal Reserve on Wednesday announced a 0.25% rate cut in the wake of U.S. President Donald Trump's demands to do so amid…
The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.
Some Fed officials have forecast interest rate cuts later this year.
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates.
