Fed needs to keep cutting rates, Waller says

Oct 31 (Reuters) - The Federal Reserve should cut the policy rate again in December, Fed Governor Christopher Waller said on Friday, given weakness in the labor market that's clear in the data, despite the lack of official economic data during the government shutdown.

"We know inflation is going to come back down, so this is why I'm still advocating that we cut policy rates in December," Waller said in an interview by Larry Kudlow on Fox Business Network. "That's what all the data is telling me to do."