US Edition
Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’
Treasury Secretary Scott Bessent narrowed the Fed chair shortlist to five candidates who mostly support gradual rate cuts amid economic vulnerabilities, with final nomination expected by January.
- On Friday, Federal Reserve Governor Christopher J. Waller said rate cuts should proceed cautiously with quarter percentage point steps during a CNBC interview.
- Waller cited recent ADP data showing vulnerabilities and a slowdown in consumer spending as reasons to ease policy.
- Financial markets reacted, with US Treasuries, the US Dollar Index, and major equities moving after Waller's remarks, while observers noted easing typically lifts risky assets and cryptocurrencies such as BTC and ETH.
- Waller's position underscores division among Fed members as his cautious push for cuts is not universally shared, with two dissenting governors opposing easing and Waller stressing Fed independence.
- With interviews continuing in the coming weeks and months, Treasury Secretary Scott Bessent has narrowed the Fed chair field to five candidates including Michelle Bowman and Christopher Waller, with markets expecting a dovish successor.
18 Articles
18 Articles
Trump's shortlist to replace Powell is starting to take shape
The names on Treasury Secretary Scott Bessent's radar to lead the world’s most powerful central bank are coming into view.Bessent, who has been interviewing candidates since Labor Day, is down to five candidates, senior Treasury officials confirmed to FOX Business' Edward Lawrence.A source familiar with the process said that when the list is reduced to three or four finalists, that’s when President Donald Trump will become involved in the decisi…
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Report: Trump Fed Chair Candidates Cut to 5
Treasury Secretary Scott Bessent has reduced the list of potential Federal Reserve chair candidates to five names, CNBC reported. After a series of interviews lasting as long as two hours, Bessent narrowed the field from 11 to five, with a final nomination expected by early next year. According to CNBC, the five remaining contenders are: Michelle Bowman, the Fed’s vice chair for supervision. Christopher Waller, a current Fed governor. Kevin Ha…
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