Federal Reserve Board(Wallace), leaning towards supporting a rate cut at the December meeting.

It was mentioned that if progress in inflation regarding future economic indicators related to employment, prices, and consumption remains stagnant, there is a possibility that the rate cut may be postponed.

December 3, 2024, 5:47 JST
Federal Reserve Board(FRB) member Wallace expressed inclination towards supporting additional rate cuts at this month's Federal Open Market Committee(FOMC) meeting.
While acknowledging the possibility of data supporting keeping the policy rate unchanged before the meeting, he stated, "I am leaning towards supporting a policy rate cut at the December meeting at this point." This was revealed in a speech text at a conference on the Federal Reserve Board's policy framework review hosted by the American Institute for Economic Research(AIER) in Washington.