Moe from Fed's Waller: Exact timing of rate cut doesn't matter a lotMore from Fed Gov. Waller:
- Exact timing of rate cut doesn't matter a lot.
- Key to easing when conditions just defy it
- Labor market is in a sweet spot, firms have the workers they want
- It is important for the Fed to maintain current labor market conditions.
- We have done our job with the high rates, open question about timing of cut
This article was written by Greg Michalowski at www.forexlive.com.
Source: Moe from Fed's Waller: Exact timing of rate cut doesn't matter a lot (https://www.forexlive.com/centralbank/moe-from-feds-waller-exact-timing-of-rate-cut-doesnt-matter-a-lot-20240717/)
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