Potential candidate for Federal Reserve Chairman Waller supports July interest rate cut: This has nothing to do with politics

Odaily Planet Daily News: Federal Reserve Governor Waller said on Thursday local time that even with strong employment data in June, the Fed should still consider cutting interest rates at its July meeting. He emphasized in the Q&A session after his speech at the Dallas Fed, "I have made my point - the current policy interest rate is too high, and we can discuss lowering the benchmark interest rate in July." He believes that inflation has significantly cooled down, the job market is stabilizing, and the recent price increases caused by tariffs are limited to specific commodities. He said, "When inflation is falling, we don't need to maintain such a tight policy stance, that's the decision-making logic that the central bank should have." What makes Waller's statement special is not only the timing - the latest employment data just showed that the labor market remains strong - but also because he is seen as a popular candidate for the next Fed chairman. US President Trump has repeatedly criticized Powell and urged him to step down early, while Waller is seen as a potential successor due to his dovish stance. But Waller made it clear on Thursday, "Although I belong to the minority, I have clearly demonstrated the feasibility of interest rate cuts using economic logic. This has nothing to do with politics