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Fed's Waller repeats call for rate cut in September, pace depends on data

ReutersSep 3, 2025 1:00 PM

Sept 3 (Reuters) - Federal Reserve Governor Christopher Waller on Wednesday repeated his call for an interest-rate cut in September given the weakening in the labor market, and said that how fast the central bank cuts after that will depend on what happens next in the economy.

"I think we need to start cutting rates at the next meeting, and then we don't have to go in a locked sequence of steps," Waller said in an interview on CNBC. "We can kind of see where things are going, because people are still worried about tariff inflation ... I would say over the next three to six months, we could see multiple cuts coming in."


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