- In a Thursday speech, Waller called for a 25 basis point cut at the July 29–30 FOMC meeting and signalled openness to further easing later in the year if inflation remains contained.
His stance contrasts with a growing chorus of Fed officials who warn that new tariffs may fuel persistent inflation, making further cuts too risky. Waller dismissed those concerns, arguing that trade barriers are likely to result in short-term price bumps, not sustained inflation, and that the Fed must stay alert to signs of slowing growth
Wall Street Journal on Waller’s comments –
