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Fed's Waller: Firms have begun speaking more about plans for layoffs

ReutersNov 17, 2025 9:23 PM

- U.S. firms in recent weeks have begun talking more frequently about plans for layoffs, adding to the case for reducing interest rates another quarter of a percentage point when the Fed meets next month, Federal Reserve Governor Christopher Waller said on Monday.

"Four to six weeks ago, we were still in this kind of no hire, no fire mode," Waller said. Now when he speaks to firm "they're starting to talk about layoffs. They're starting to plan for them."

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