Fed board member and possible Powell replacement says bank should cut rate this month because growth is slowing ‘significantly’
Christopher Waller, a member of the Fed’s governing board, said in a speech in New York City that the economy is showing signs of weakening, with consumer spending slowing and job gains cooling. The Fed should reduce borrowing costs to shore up spending and growth before the job market weakens further, Waller said. “The economy is still … Read more