Christopher Waller News

Subscribe to enjoy similar stories. Everyone is gloomy about America’s jobs market. Investors talk of a “K-shaped" economy, in which growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish.

Stephen Miran has dissented in favor of easier policy at every meeting since joining the board last September. Before that, he served as a top economic adviser to Trump.Christopher Waller, who also dissented at the most recent gathering in January, is seen as a candidate to dissent again after February’s unexpected drop in payrolls reinforced his argument that a weak labor market is near a tipping point.Michelle Bowman cited the labor-market report as evidence the economy “could use some support from our policy rate” in a television interview two weeks ago.

Subscribe to enjoy similar stories. KEVIN GOT the nod, in the end. On January 30th President Donald Trump picked Kevin Warsh to lead the Federal Reserve.

Subscribe to enjoy similar stories. As Jerome Powell’s term winds down as chair of the Federal Reserve, America’s central banker believes he is leaving the economy on “a firm footing." That suggests a lengthy pause in interest-rate cuts. As Powell explained at a press conference Wednesday, which followed the Jan.

Subscribe to enjoy similar stories. WASHINGTON—The Federal Reserve entered a new holding pattern on interest rates Wednesday and offered little clarity on when cuts might resume after contentious reductions at officials’ three previous meetings. The decision to hold the benchmark federal-funds rate steady in a range between 3.5% and 3.75% was approved on a 10-2 vote.

Subscribe to enjoy similar stories. WASHINGTON—The Trump administration canceled a slate of interviews set to start this week with a group of finalists to be the next chair of the Federal Reserve as President Trump again suggested he had made up his mind about who should lead the central bank. Trump’s team informed candidates that interviews scheduled for Wednesday with Vice President JD Vance had been canceled, according to people familiar with the matter.

Federal Reserve Governor Christopher Waller said on Thursday he leans strongly against a rate cut at the Fed's upcoming policy meeting this month, although he reckons cuts later in the year remain on track if inflation pressures continue to abate. In discounting an easing at March 18-19 Federal Open Market Committee, Waller indicated he simply will not have the inflation data in hand to know whether cutting what's now a 4.25% to 4.5% federal funds rate range is justified, especially amid the heavy uncertainty created by President Donald Trump's trade agenda.

Gold prices were pressured by an uptick in the U.S. dollar on Friday, but remained on track for a weekly gain as uncertainties around incoming President Donald Trump's policies and renewed bets of further rate cuts lifted bullion above the key $2,700 level. Spot gold eased 0.4% to $2,701.03 per ounce by 03:10 p.m. ET (2010 GMT), while U.S. gold futures settled 0.1% lower to $2,748.70.

Gold prices firmed on Friday and were headed for a third straight week of gains after U.S. data this week hinted that the Federal Reserve might continue easing interest rates this year. FUNDAMENTALS

Federal Reserve Governor Christopher Waller said Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting.

A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs

A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration.

The early departure of the Federal Reserve's top financial regulator allows for a more industry-friendly official to take his place, the latest boon for U.S. banks riding a wave of post-election optimism.

Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger now than the central bank had expected in September when it began reducing interest rates, and appeared to signal his support for a slower pace of interest-rate cuts ahead. «The U.S. economy is in very good shape and there's no reason for that not to continue ...the downside risks appear to be less in the labor market, growth is definitely stronger than we thought, and inflation has come in a little higher,» Powell said at a New York Times event. «So the good news is that we can afford to be a little more cautious as we try to find neutral.» His remarks during a wide-ranging half-hour interview that touched only lightly on monetary policy and the economy are likely his last before the Dec. 17-18 policy meeting, as the quiet period when Fed officials refrain from speaking about monetary policy ahead of a meeting starts on Saturday. In-depth comments by some of Powell's key colleagues this week have pointed in the direction of a third straight interest-rate cut, with Governor Christopher Waller saying on Monday he was «leaning toward» a reduction even as others decline to pre-commit to that outcome.

A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view

inflation and a U.S. economy and labor market that are stronger than previously thought, Federal Reserve Governor Christopher Waller on Monday called for «more caution» on interest-rate cuts ahead. «Whatever happens in the near term, my baseline still calls for reducing the policy rate gradually over the next year,» Waller said in remarks prepared for delivery to a Shadow Open Market Committee conference at Stanford University's Hoover Institution. The Fed's policy rate is restrictive, the labor market remains healthy even as labor demand is moderating, and inflation is «in the vicinity» of the Fed's 2% target.

After notching their biggest daily percentage gains since mid-August, major averages were subdued for most of the session, but managed to secure weekly gains of at least 1%.

Federal Reserve's big interest rate cut this week is not a sign that the US economy is «falling behind,» Fed governor Christopher Waller said in an interview on Friday. «It's not about reacting to, or falling behind or anything like that,» he told CNBC. «I do not believe we're behind.»

Asian stocks slipped on Monday after US jobs data added to concerns that the Federal Reserve may have waited too long to cut interest rates. Equities in Australia, Japan and South Korea racked up losses in early trading, while US futures were little changed. The dollar was steady against peers, with traders split on the size of the Fed’s easing next week. Iron ore fell below $90 a ton for the first time since late 2022.

markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. A holiday in the United States and Canada made for thin liquidity, while wins for far-right parties in German state elections added a fresh layer of political uncertainty.

Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment.