BlockBeats News, June 20th, "Fed's Megaphone" Nick Timiraos stated that Federal Reserve Governor Waller continues to hold the most dovish position among his colleagues on the Federal Open Market Committee (FOMC). Waller recently stated, "I fully endorse the view that perhaps we should consider lowering the policy rate at the next meeting because we don't want to wait until the labor market collapses to start cutting the policy rate."
Waller hinted at the dynamics within the committee—based on current data, the FOMC internally does not support a rate cut in July. This raises a question: is he laying the groundwork to "voice dissent in support of a rate cut" at the July meeting? Among those aspiring to be nominated as Fed Chair, Waller may be the most theoretically in-depth proponent of a rate cut so far. (Jinse)