"Fed Whisperer": Fed board member Waller continues to maintain his most dovish stance.
"Federal Reserve Soundbox" Nick Timiraos said, Federal Reserve Governor Wole maintains the most dovish position among his colleagues on the Federal Open Market Committee. Wole recently said, "I fully endorse the idea that maybe we should consider cutting policy rates at the next meeting, because we don't want to wait until the job market collapses before we start cutting policy rates." Wole hinted at dynamics within the committee - based on current data, the FOMC does not support cutting rates in July. This raises a question: is he laying the groundwork to "dissent in support of a rate cut" at the July meeting? Among those hoping to be nominated as Fed chair, Wole may be the most theoretically deep in arguing for a rate cut so far.
Latest