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Fed’s Waller says rate cut in March is a ‘coin flip’ following a strong US jobs report
Fed Governor Waller said the March rate decision hinges on February jobs data after January added 130,000 jobs, with outcomes seen as a 'coin flip,' reflecting labor market risks.
- On Monday, Federal Reserve governor Christopher Waller said solid January job gains could let the Fed skip a rate cut at its March meeting, a move likely to spur further attacks by President Donald Trump.
- Waller's stance shifted after his January dissent, when he noted last month's 130,000 jobs gain could be a one-time surge needing confirmation next month.
- Waller described the outlook as `close to a coin flip` and said if January's job gains vanish in February, `a cut should be made at the March meeting`.
- The Fed's decision left short-term interest at about 3.6%, and Waller noted rate cuts can lead to cheaper borrowing for mortgages, auto loans and business loans over time.
- Looking beyond March, Waller flagged that meager gains reported earlier this month for last year will likely be revised below zero, hiring could pick up this year, and the Supreme Court decision on tariffs will have limited economic impact.
33 Articles
33 Articles
Fed's Waller says rate cut in March is a 'coin flip' following a strong U.S. jobs report
WASHINGTON — Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a decision that would likely spur further attacks by President Donald Trump.
Associated Press News
Fed's Waller says rate cut in March is a 'coin flip' following a strong US jobs report
Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a move that would likely spur further attacks by President Donald Trump.
Fed’s Waller Calls Rate Cut in March a ‘Coin Flip’ After Strong U.S. Jobs Report - The MortgagePoint
Solid job gains in January could mean the Fed can skip a rate cut at its next meeting in March, Federal Reserve Governor Christopher Waller said Monday in remarks to a conference held by the National Association for Business Economists. Holding steady would likely spur more attacks by President Donald Trump, the Associated Press reported. Waller said last month’s pickup in hiring, when employers added a more-than-expected 130,000 jobs, could hav…
Central bank governor calls January's creation of 130,000 new jobs "unexpectedly positive"
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