Back to today’s briefing

Story perspectives

Fed Governor Advocates December Rate Cut Amid Layoffs

11/18/2025

50 8

Summary

Story summary

Federal Reserve Governor Christopher Waller backs a further rate cut at the December meeting to aid lower- and middle-income consumers.
He cites labor-market weakness and rising layoffs among U.S. firms.
He notes a shift from a "no-hire, no-fire" stance to layoffs.
He says inflation remains near the 2% target.
The Fed's policy debate remains divided, with some officials opposing further cuts due to persistent inflation.

1 of 1

Story summary

Federal Reserve Governor Christopher Waller backs a further rate cut at the December meeting to aid lower- and middle-income consumers.
He cites labor-market weakness and rising layoffs among U.S. firms.
He notes a shift from a "no-hire, no-fire" stance to layoffs.
He says inflation remains near the 2% target.
The Fed's policy debate remains divided, with some officials opposing further cuts due to persistent inflation.