Reserve

<a href="https://bitcoinworld.co.in/us-fed-governor-supports-interest-rate-cut/" title="US Fed Governor Christopher Waller Supports Interest Rate Cut Amid Slowing Job Growth" rel="nofollow"></a>
US Fed Governor supports interest rate cut, signaling a potential shift in monetary policy to stimulate the economy. <a href="https://www.google.com/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.federalreservehistory.org/people/christopher-waller&amp;ved=2ahUKEwjrhsHg1q6IAxUnaPUHHZyiOhYQFnoECCAQAQ&amp;usg=AOvVaw0xlR2ZwxLZLxICiN3P67TV" rel="nofollow noopener" target="_blank">Federal Reserve Governor Christopher Waller</a> stated on Friday that the time has come to start lowering interest rates at the upcoming Federal Reserve meeting later this month, <a href="https://www.google.com/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.reuters.com/markets/us/feds-waller-says-timing-rate-cut-drawing-closer-2024-07-17/&amp;ved=2ahUKEwig7JDw1q6IAxV4ZPUHHSsvO6wQFnoECCAQAQ&amp;usg=AOvVaw35G8s8vk_spZAab0ndzbWS" rel="nofollow noopener" target="_blank">according to Reuters</a>. Waller’s comments reflect growing concerns over the state of the U.S. economy, particularly as job growth has cooled. 
<h3 id="key-remarks-from-christopher-waller">Key Remarks from Christopher Waller</h3> 
<ul> 
 <li>Support for Rate Cuts: Waller emphasized that recent data points, especially those showing slower job growth, support the need for immediate action. He mentioned that if economic conditions warrant it, he would advocate for rate cuts at consecutive meetings to further stimulate the economy.</li> 
 <li>From Patience to Action: “The current batch of data no longer requires patience, it requires action,” Waller said, noting that the Federal Reserve should shift from its previously cautious stance to one of more active policy intervention.</li> 
</ul> 
<h3 id="economic-context">Economic Context</h3> 
<ul> 
 <li>Cooling Job Growth: The recent data showing a cooldown in job growth has raised concerns about the strength of the U.S. economy. Waller’s call for action reflects the growing sentiment that lower interest rates may help revive economic momentum by encouraging spending and investment.</li> 
 <li>Potential Impact: If Waller’s suggestion is adopted by the Federal Reserve, it could signal a series of rate cuts designed to counter slowing economic activity and help prevent a potential recession.</li> 
</ul> 
<h3 id="conclusion">Conclusion</h3> 
With Fed Governor supporting an interest rate cut, the upcoming Federal Reserve meeting could mark the beginning of a new phase in U.S. monetary policy. Waller’s comments reflect the urgency to address slowing job growth and take decisive action to support the economy through lower interest rates. All eyes will be on the Fed’s decision later this month. 
To learn more about the innovative startups shaping the future of the crypto industry, explore our article on <a href="https://bitcoinworld.co.in/category/news/latest-news/">latest news</a>, where we delve into the most promising ventures and their potential to disrupt traditional industries.

US Fed Governor Christopher Waller Supports Interest Rate Cut Amid Slowing Job Growth

Table of Contents

ItsBitcoinWorld

Other articles published on Sep 6, 2024

India to Re-Approve Two Banned Crypto Exchanges by 2025

Telegram Updates FAQ Section and Alters Privacy Statement

Angel Drainer Resurfaces: New Phishing Toolkit AngelX Deploys 300+ Malicious dApps

Crypto PACs spend $14M targeting crucial US Senate and House races

Cardano To Re-enter Crypto Top 10, CZ Release The BNB Booster? Revenue Sharing Redesigned With Ga...

US Markets Trigger Bitcoin Price Drop

Join our free newsletter for daily crypto updates!