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Fed's Waller Advocates Rate Cuts Amid Softening Job Market

12/19/2025

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Summary

Story summary

Federal Reserve Governor Christopher Waller said monetary policy should support the labor market.
He said the job market is softening but not in dramatic decline.
Waller said the Fed has room to cut rates by 50 to 100 basis points.
He added that Treasury bill purchases are not quantitative easing but a temporary liquidity measure.
His views contrast with Federal Reserve Chair Jerome Powell, who says rates are near neutral.

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Story summary

Federal Reserve Governor Christopher Waller said monetary policy should support the labor market.
He said the job market is softening but not in dramatic decline.
Waller said the Fed has room to cut rates by 50 to 100 basis points.
He added that Treasury bill purchases are not quantitative easing but a temporary liquidity measure.
His views contrast with Federal Reserve Chair Jerome Powell, who says rates are near neutral.