Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Fed governor breaks ranks with Powell, signals rate cuts could begin next month
Business

Fed governor breaks ranks with Powell, signals rate cuts could begin next month

Buddy DoyleBy Buddy DoyleJune 20, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Fed governor breaks ranks with Powell, signals rate cuts could begin next month
Share
Facebook Twitter LinkedIn Pinterest Email

The Federal Reserve has held off on cutting interest rates in 2025 to date, although one member of the board of governors is signaling that could change as early as next month.

Federal Reserve Governor Christopher Waller said in a Friday interview with CNBC’s “Squawk Box” that he believes the central bank is in a position to start lowering rates starting next month.

“I think we’re in a position that we could do this as early as July,” Waller told the outlet. “That would be my view, whether the committee would go along with it or not.”

Waller’s remarks come after the Fed on Wednesday announced it would hold its benchmark interest rate steady at a range of 4.25% to 4.5% for the fourth consecutive meeting. Fed Chair Jerome Powell said the central bank is monitoring inflation data and the labor market amid the uncertainty created by the Trump administration’s tariff policies.

FEDERAL RESERVE LEAVES KEY INTEREST RATE UNCHANGED FOR FOURTH STRAIGHT MEETING

Powell explained that the Fed’s “current stance of monetary policy leaves us well positioned to respond in a timely way to potential economic developments.” 

He added that the labor market is “at or near maximum employment” while persistent inflation remains “somewhat above our 2% longer-run objective.”

Waller’s view is that the central bank shouldn’t wait for a deterioration in the labor market to take action, arguing that, “If you’re starting to worry about the downside risk [to the] labor market, move now, don’t wait. Why do we want to wait until we actually see a crash before we start cutting rates?” 

NEARLY ONE-THIRD OF $36T NATIONAL DEBT NEEDS REFINANCING AS TRUMP DEMANDS RATE CUTS

Jerome Powell

“So I’m all in favor of saying maybe we should start thinking about cutting the policy rate at the next meeting, because we don’t want to wait till the job market tanks before we start cutting the policy rate,” Waller told CNBC, adding that the Fed should “start slow” in lowering interest rates “just to make sure that there’s no big surprises.”

“We’ve been on pause for six months to wait and see, and so far, the data has been fine,” Waller said. “I don’t think we need to wait much longer, because even if the tariffs come in later, the impacts are still the same. It should be a one-off level effect and not cause persistent inflation.”

TRUMP URGES FED’S POWELL TO CUT INTEREST RATES BY FULL PERCENTAGE POINT: ‘ROCKET FUEL!’

Trump taps Powell to lead the Federal Reserve

President Donald Trump has been a vocal critic of the Fed’s reluctance to cut interest rates in the face of economic uncertainty that stems in large part from tariffs and trade policy. 

Trump has also lambasted Fed Chair Powell, calling him a “stupid person” and “numskull” in recent weeks as he lobbies for interest rate cuts.

Following Waller’s comments, the odds of a rate cut at the Fed’s next meeting in July ticked slightly higher but remained a relative long shot, rising from 12.5% to 14.5%, according to the CME FedWatch tool, which tracks the probability of rate moves.

The tool showed that the market sees the subsequent meeting in September as a more likely time for the next rate cut, with a 61.8% chance of a 25-basis point cut at that meeting.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMassive identity theft scheme led by illegal immigrants uncovered after raid at meatpacking plant
Next Article Top 10 .45 ACP Pistols 2024 | Best .45 Auto Handguns 2024

Related Articles

Trump announces 25% tariff on India, slamming ‘obnoxious’ trade barriers, Russia military and energy buys

Trump announces 25% tariff on India, slamming ‘obnoxious’ trade barriers, Russia military and energy buys

July 30, 2025
NYC office shooting raises new corporate security concerns for business leaders

NYC office shooting raises new corporate security concerns for business leaders

July 30, 2025
Retirees face staggering 6-figure health care bill when leaving the workforce

Retirees face staggering 6-figure health care bill when leaving the workforce

July 30, 2025
United Airlines, JetBlue partnership gets Trump admin clearance to fly

United Airlines, JetBlue partnership gets Trump admin clearance to fly

July 30, 2025
404 | Fox Business

404 | Fox Business

July 30, 2025
Legal expert explains why companies need ‘love contracts’ after viral CEO-HR romance scandal

Legal expert explains why companies need ‘love contracts’ after viral CEO-HR romance scandal

July 30, 2025
Barstool’s Dave Portnoy raises funds for NYPD Officer killed in Midtown shooting

Barstool’s Dave Portnoy raises funds for NYPD Officer killed in Midtown shooting

July 30, 2025
Food giant sweetens the American economy with massive multibillion-dollar investment

Food giant sweetens the American economy with massive multibillion-dollar investment

July 30, 2025
‘Ghost ships’ moving sanctioned Russian oil to China complicate US talks

‘Ghost ships’ moving sanctioned Russian oil to China complicate US talks

July 30, 2025
Don't Miss
Trump announces 25% tariff on India, slamming ‘obnoxious’ trade barriers, Russia military and energy buys

Trump announces 25% tariff on India, slamming ‘obnoxious’ trade barriers, Russia military and energy buys

Backlash against Sydney Sweeney ‘jeans/genes’ ad gets mocked by WH: Americans are ‘tired of this bulls—’

Backlash against Sydney Sweeney ‘jeans/genes’ ad gets mocked by WH: Americans are ‘tired of this bulls—’

Trump, Republicans race to redraw Texas congressional map as Democrats threaten legal war

Trump, Republicans race to redraw Texas congressional map as Democrats threaten legal war

NYC office shooting raises new corporate security concerns for business leaders

NYC office shooting raises new corporate security concerns for business leaders

Latest News
Ramaswamy pledges ‘rule of law’ revival after viral Cincinnati mob attack

Ramaswamy pledges ‘rule of law’ revival after viral Cincinnati mob attack

July 30, 2025
NTSB launches 3-day investigative hearing on deadly DC plane crash

NTSB launches 3-day investigative hearing on deadly DC plane crash

July 30, 2025
New Bill Seeks to Strip Vaccine Manufacturers of Liability Protections

New Bill Seeks to Strip Vaccine Manufacturers of Liability Protections

July 30, 2025
Retirees face staggering 6-figure health care bill when leaving the workforce

Retirees face staggering 6-figure health care bill when leaving the workforce

July 30, 2025
Biden ‘Politburo’ member Steve Ricchetti to appear before House investigators in Comer cover-up probe

Biden ‘Politburo’ member Steve Ricchetti to appear before House investigators in Comer cover-up probe

July 30, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.