BlockBeats news, on December 3, Federal Reserve Governor Waller indicated that he leans towards supporting a rate cut at the Federal Reserve meeting later this month; however, he also mentioned that he might be open to the idea of keeping interest rates unchanged. In remarks prepared for a meeting in Washington on Monday, Waller stated, 'Policy remains sufficiently restrictive, and further rate cuts at the next meeting will not significantly alter the stance of monetary policy, leaving enough room to slow the pace of rate cuts when necessary to maintain progress towards the inflation target.'
Waller expressed that he is uneasy about the inflation data being slightly higher than expected over the past two months. He compared himself to a mixed martial arts fighter, saying, 'I have been choking inflation's throat, waiting for it to make a move, but it always slips away from my grasp at the last moment.' He stated that the Federal Reserve will not allow inflation to accelerate again. 'Yielding is inevitable; inflation has not yet escaped the octagon,' he remarked. Waller noted that despite inflation being more stubborn in recent months, economic data and forecasts indicate that inflation will return to the Federal Reserve's 2% target.