CoinVoice has learned that according to Jin Ten reports, Federal Reserve Governor Waller said on Wednesday that the inflation rate should continue to decline in 2025, allowing the Federal Reserve to further cut interest rates, although the pace remains uncertain.
Waller stated that although inflation 'seems to have indeed stalled' above the Federal Reserve's 2% target in the last few months of 2024, the market-based inflation forecasts, along with inflation readings for one month and shorter terms, lead him to believe that U.S. inflation is continuing to ease.
Waller said: 'This minute progress has led to calls for slowing or halting rate cuts. However, I believe that in the medium term, the inflation rate will continue to move toward the 2% target, and further rate cuts will be appropriate.'
Waller did not disclose how many times he believes interest rates should be cut this year, but he noted that there is a wide range of views among Federal Reserve officials, from no rate cuts to as many as five rate cuts. 'I still believe the foundations of the U.S. economy are solid,' Waller said, 'and there are no signs in the data or forecasts indicating that the job market will significantly weaken in the coming months.' [Original link]