Fed’s Waller Wants Lower Interest Rates But Says No Rush to Cut

Federal Reserve Governor Christopher Waller backed further interest-rate cuts to get the central bank’s setting back to neutral, while saying policymakers need not rush to do so.

Outlining a scenario where inflation continues to slow through 2026, Waller said Wednesday that monetary policy settings are up to 100 basis points above neutral — the level where the Fed is neither restraining growth nor stoking price pressures.

Governor of the US Federal Reserve Christopher Waller

Photographer: Al Drago/Bloomberg

“Because inflation is still up, we can take our time — there’s no rush to get down,” Waller said in a CNBC forum. “We just can steadily, kind of bring the policy rate ...