Fed Governor Waller: Tends to support rate cut in December

Fed Governor Waller said in a speech that he tends to support a rate cut in December. The policy rate is already restrictive enough, so even if it is cut in December, there is ample room to slow down the pace of rate cuts in the future as needed. There is still a "long way to go" in lowering the policy rate to a neutral level. It is expected that rate cuts will continue in the next year, and the speed and timing of the rate cuts will be determined by economic conditions.