Fed Governor Says Iran War Causing More Uncertainty Than Tariffs

Federal Reserve Governor Christopher Waller says interest rates should remain steady amid continued inflation. “With regard to future rate cuts, I am going to need to see improvement on inflation or a significant deterioration in the labor market before I would consider reducing the policy rate,” Waller said in a guest lecture Friday (May 22) at Centre for Central Banking in Frankfurt, Germany. “So, on net, my current policy position is to hold rates steady for the near term.” Even with these in