Fed's Waller Hints at Possible Rate Cut by Spring If Inflation Keeps Cooling
• Waller raises possibility of a rate cut by spring if inflation keeps slowing steadily • He says inflation is still too high, but if it continues cooling for several more months, Fed could start lowering rates • This is most optimistic any Fed official has sounded since rate hikes began in March 2022 • Waller believes 5.4% rate is likely high enough to get inflation back down to 2% target • But he cautions there are still uncertainties, so not certain Fed is done hiking rates