Federal Reserve governor Christopher Waller made his strongest call yet for a rate cut in July as he again argued that any inflation from tariffs would be temporary, underscoring a new divide within the central bank.

Federal Reserve Governor Chris Waller is open to leading the central bank if President Trump requests. Waller advocates a rate cut, amid Trump's criticism of current Fed Chair Jerome Powell. The debate over interest rates highlights tensions about the Fed's independence under unprecedented presidential pressure.

DXY slips 0.16% Friday but holds weekly gains. Fed rate cut bets and Trump’s tariffs stir inflation fears and market uncertainty.

Hiring momentum is cooling, and Federal Reserve Governor Chris Waller says the Fed should act before the labor market weakens further. Yahoo Finance Reporter Josh Schafer and Yahoo Finance Senior Reporter Allie Canal break down Waller's call for interest rate cuts and how immigration trends may be distorting jobs data.

He added that it is important not to dissent frequently, but said that at this moment, this was an important thing to do.

Federal Reserve Governor Chris Waller said on Thursday said he favors cutting the Fed's policy rate in July. He also discussed the Fed's balance sheet and why it should continue to pay interest on bank reserves.

The president keeps threatening to fire Jerome Powell. There are reasons beyond market reaction why he might regret following through.

Chris Waller, governor of the U.S. Federal Reserve, talked about interest rates, inflation and recession fears Friday at a conference in Vienna, Austria.

The time may be running out for the Federal Reserve's "wait-and-see" approach on monetary policy, Federal Reserve Governor Chris Waller said in a broadcast interview on Friday. He has has said it's time to cut rates at the Fed's July meeting.

Federal Reserve Board Governor Christopher Waller poses before a speech at the San Francisco Fed, in San Francisco, California, U.S., March 31, 2023.

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