Federal Reserve Governor Waller: Opposes cutting interest rates this month, no problem with the expectation of cutting rates twice in two years

PANews reported on March 7th, according to Jinshi, that Federal Reserve Governor Waller stated on Thursday that he strongly opposes the Fed's interest rate cut at the policy meeting to be held this month. However, he believes that if inflationary pressures continue to weaken, there is still hope for a rate cut later this year. Waller said that he simply does not have enough inflation data to judge whether it should be lowered, especially under the huge uncertainty caused by US President Trump's trade policies.

In the long run, Waller said that officials' monetary policy outlook proposed at last December's meeting still looks credible. He pointed out predictions of two interest rate cuts this year and next year and said "I don't see any problem with these numbers even if actual results are slightly different." This Federal Reserve governor also stated when measuring inflation expectations; he pays more attention to market indicators rather than survey data. In this regard, information from market pricing indicates traders and investors believe Trump's current policy goals do not genuinely impact long-term inflation.