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Fed's Waller Advocates Rate Cut Amid Labor Concerns

11/24/2025

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Summary

Story summary

Federal Reserve Governor Christopher Waller advocates a quarter-point rate cut at the Dec. 9-10 meeting, citing a weak labor market.
He says a cut is appropriate now, but January depends on data delayed by a government shutdown.
Waller warns inflation rebounds or faster job growth could complicate future cuts.
Federal Reserve officials remain divided, and the December projections will influence 2026 expectations.

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Story summary

Federal Reserve Governor Christopher Waller advocates a quarter-point rate cut at the Dec. 9-10 meeting, citing a weak labor market.
He says a cut is appropriate now, but January depends on data delayed by a government shutdown.
Waller warns inflation rebounds or faster job growth could complicate future cuts.
Federal Reserve officials remain divided, and the December projections will influence 2026 expectations.