According to TechFlow, according to Jinshi data, Fed Governor Waller said on Wednesday that the time for the Fed to cut interest rates is "getting closer", but the uncertainty of economic trends makes it unclear when interest rates may be lowered. Waller pointed out that the current data is consistent with achieving a "soft landing", and he will look for data to support this view in the coming months.
Waller said that while the ultimate goal has not yet been reached, he believes that the time is getting closer when it is justified to cut the policy rate. Economic growth is now moving forward at a "more moderate pace", the job market is more balanced, and inflation has eased. The most "optimistic" scenario is that inflationary pressures continue to decline steadily, in which case "rate cuts will be made in the near future." However, the decline in inflation may be more uneven, which will cast doubt on whether a sustainable return to the 2% target can be achieved, and there is greater uncertainty about rate cuts in the near term. The least likely but still possible prospect is a rise in inflation, which he did not link to the path of monetary policy.