Federal Reserve Governor Waller: Hopes to Continue Cutting Rates, but Should Remain Cautious

ChainThink news, October 10, Federal Reserve Governor Waller said that the job market may have turned negative in the past few months, and the labor market is now his biggest concern. Waller said, "Job growth in the past few months may have been negative. The labor market is weak, which is the key point of policy, and this is what we need to understand." The September nonfarm payrolls report, originally scheduled to be released last week, was postponed due to a government shutdown. Waller was appointed by President Trump in 2020 as a Federal Reserve Governor, and he is currently a front-runner to succeed Powell as Federal Reserve Chair, whose term will end in May next year. Waller said that his interview process is progressing smoothly, discussing serious economic issues, "without any political factors." Waller also said that he hopes to continue cutting interest rates, but emphasized that policymakers should remain cautious. (Jinshi)