Fed's Waller: Dissented in favor of rate cut because of "significant risk" to job market

WASHINGTON, Jan 30 (Reuters) - U.S. Federal Reserve governor Christopher Waller said Friday he dissented in favor of a quarter-percentage-point rate cut at this week's Fed meeting because he sees a "significant risk" that an already weak labor market could be headed for a sharper downturn.

"There is considerable doubt about future employment growth," Waller said in a statement explaining his dissent, while weak job growth last year and other data "suggests that a substantial deterioration in the labor market is a significant risk."