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International Business Times
International Business Times
Business

UNCOVERED: Us fed chair contender backs october rate cut | History Defined

Christopher Waller United States US Federal Reserve Donald Trump Inflation Jerome Powell Stephen Miran
Federal Reserve governor, Christopher Waller, seen in 2020, said he backs a rate cut in late October (Credit: AFP)

A top contender to run the US Federal Reserve threw his support Thursday behind a quarter-point rate cut later this month, claiming he believed inflation would soon cool.

Speaking in New York, US Fed Governor Christopher Waller said economic conditions were such that policymakers should focus their attention on the softening labor market instead.

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