Federal Reserve Governor Waller: I advocate for a rate cut in December.

PANews reported on November 24th that Federal Reserve Governor Waller stated, "My focus is on the labor market, and I advocate for a rate cut in December." He noted that most private sector data indicates a weak job market. Since the Fed's last meeting, existing data shows little change, and inflation is not a major issue. January will be challenging, with a large amount of data to be released to determine whether another rate cut is needed; we need to assess each meeting individually. If the data shows a rebound, we can be more cautious. He still doesn't believe the labor market will turn around in the coming weeks. September's employment data may be revised downwards; a concentrated data release is not a good sign. There are no signs of an impending hiring spree. Inflation has risen, but I believe it will begin to decline. The inflation rate, excluding tariffs, is approximately 2.4% or 2.5%. He also mentioned that he spoke with Treasury Secretary Bessant about 10 days ago, and the meeting went very smoothly.