Fed governor Chris Waller on rate cuts: "If you see this [lo...
Fed governor Chris Waller on rate cuts: "If you see this [lower] inflation continuing for several more months, I don't know how long that might be—3 months? 4 months? 5 months?—you could then start lowering the policy rate because inflation's lower."
Waller:"If inflation goes down, you would lower the policy rate. There’s no reason to say you would keep it really high if inflation’s back to target, for example."