Fed's Waller supports 25bps rate cut at October FOMC meeting, citing labor market weakness
Federal Reserve Governor Chris Waller said on Thursday that he supports a quarter‑point rate cut at the end of October, taking a more cautious line than some of his colleagues as the Federal Open Market Committee (FOMC) prepares for its meeting on October 28‑29. Speaking at the Council on Foreign Relations, Waller told the audience: "Based [...]