A Top Fed Official Is Ready to Dissent Against Jerome Powell
Fed Governor Christopher Waller wants to cut interest rates immediately.
BY PHIL ROSEN, CO-FOUNDER AND EDITOR, OPENING BELL DAILY @PHILROSENN
Jerome Powell and Christopher Waller. Photos: Getty Images
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At least one policymaker at the Federal Reserve will dissent against Jerome Powell at the July meeting.
In a bold and unusually direct speech to close out last week, Fed Governor Christopher Waller laid out the case for an immediate rate cut. He made it clear that he’s prepared to vote for it before the end of the month, even if others........
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