Federal Reserve Governor Waller: If employment weakens, will advocate for another rate cut later this year
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After the last employment report, I thought I would hold an opposing view. Rationally, I understand the logic behind employment data, but intuitively, I cannot assert that the job market is fine. Rising oil prices may eventually affect core inflation. I don't know how the situation will develop, but caution is necessary. Caution now does not mean remaining inactive for the rest of the year. If employment weakens, I will advocate for another rate cut later this year.
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