Federal Reserve Governor Waller supports further interest rate cuts to return rates to neutral levels, while also indicating that policymakers do not need to rush.\n\nWaller stated on Wednesday that under the scenario of inflation continuing to slow down until 2026, the current monetary policy interest rate level is as much as 100 basis points above the neutral rate. The neutral rate refers to the level at which the Federal Reserve neither restrains growth nor pushes inflation higher.\n\n"Because inflation is still relatively high, we can take our time — there is no need to rush to cut rates," Waller said at the CNBC forum, "We can proceed steadily and bring the policy rate down towards neutral levels."\n\nThis is Waller's first statement since the Federal Reserve's third consecutive rate cut last week.