[Fed Board Member Waller: If inflation is below 2%, the Fed can cut interest rates in advance] Golden Finance reported that Fed Board Member Waller said that if inflation is below 2%, which is unlikely, or the labor market deteriorates, the Fed can cut interest rates in advance. If inflation rises unexpectedly, the Fed may pause its rate cuts. He also said that the latest inflation data was "disappointing" and that the economic foundation was solid and might not slow down as expected; GDP is expected to grow faster in the second half of 2024. Looking ahead, job growth is expected to slow and the unemployment rate will gradually rise, but it will remain at historically low levels.