**Fed’s Christopher Waller Sees Rate Cut as Soon as July**
Federal Reserve Governor Christopher Waller indicated on Friday that interest rate cuts could begin as early as next month. In an interview on CNBC’s “Squawk Box,” Waller said he does not expect recent tariff increases to significantly impact inflation. As a result, he believes there is room for the Fed to begin easing monetary policy.
“I think we’re in the position that we could do this as early as July,” Waller said. “That would be my view—whether the committee would go along with it or not.”
His comments came just two days after the Federal Open Market Committee, of which Waller is a voting member, decided to keep its key interest rate steady — a range it has maintained since December.
Waller emphasized the importance of taking preemptive action to support the labor market, warning against waiting too long. “If you’re starting to worry about the downside risk to the labor market, move now, don’t wait,” he said.
Waller’s remarks suggest a growing consensus within the Fed that, with inflation easing and economic risks shifting, the time may be approaching to shift toward a more accommodative stance.
