Fed's Waller says may need to hold current rate for longer than expected, no rush to cut

Waller is a Board governor and thus a voter at the Federal Open Market Committee (FOMC).

Federal Reserve Board Governor Christopher Waller
'Still no rush' to cutting rates in current economy
Fed may need to maintain current rate target for longer than expected
Needs to see more inflation progress before supporting rate cut
Needs at least a couple of months of data to be sure inflation heading to 2%
Still expects Fed to cut rates later this year
Economy’s strength gives Fed space to take stock of data
Data suggests fewer rate cuts possible this year
Economy is growing at a healthy pace
Despite progress on inflation, recent data has been disappointing
Data has showed mixed messages on jobs front
Fed has made a lot of progress lowering inflation
Wage pressures have been easing
Unsure productivity will keep at current strong pace