🚨 FED UPDATE: Waller SPEAKS OUT 🚨

📍 Fed Governor Christopher Waller at Yale CEO Summit:

• Rates are still 50–100 bps above neutral (neutral ~3%)

• Jobs growth near zero — recent 50K–60K gains may get revised down

• Benchmark rate: 3.50%–3.75%, with room for further cuts

💬 On inflation: “Not worried — well controlled, expectations anchored, tariffs under control.”

🌟 Optimism ahead:

• AI could boost productivity in 2026

• 2025 GDP expected around 1.6%

⚖️ Focus remains on labor market

Independence of the Fed is critical, but Waller notes accountability to the public.

👀 He’s also interviewing with Trump for Fed Chair later today — big implications for policy direction.

📌 Bottom line:

Rate cuts may come, but labor market weakness and economic signals will drive timing.

#Fed #RateCut #USJobsData #USNonFarmPayrollReport #TrumpTariffs