US Fed governor Christopher Waller says bold rate cut not signal of 'falling behind'
- Posted on September 20, 2024
- By Business News Today
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US Fed governor Christopher Waller says bold rate cut not signal of 'falling behind'
The Federal Reserve's big interest rate cut this week is not a sign that the US economy is "falling behind," Fed governor Christopher Waller said in an interview on Friday. Citing a speech he made earlier this year, Waller stressed that the Fed could cut rates even if the economy was doing fine.
