FOMC members signal rate cut
Waller, Bostic, Daly, Schmid, Goolsbee and Williams speak towards balancing both sides of dual mandate
Several members of the US Federal Open Market Committee (FOMC) have signalled that a rate cut would be appropriate at the monetary policy meeting scheduled for September 18.
Christopher Waller, a member of the Federal Reserve’s board of governors, used a speech on September 6 to say the time had come to begin cutting rates, and thereby sustain an economy that was creating jobs and growth.
“I believe our patience over the past 18 months has served us well,” he said. “But the current batch of data
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