Fed's Waller sees path to rate cuts later this year, Fox Business reports

By Michael S. Derby

NEW YORK, May 22 (Reuters) - Federal Reserve Governor Christopher Waller said Thursday central bank rate cuts are on the menu if the Trump administration’s trade tariff agenda settles on the lower side of the ledger.

"If we can get the tariffs down close to the 10% and then that's all sealed, done and delivered somewhere by July, then we're in good shape for the second half of the year", Waller said in an interview on television channel Fox Business. "Then we're in a good position to kind of move with rate cuts through the second half of the year."