Waller Defends Fed Independence, Advocates Rate Cuts
Update: 2025-12-17
Description
Christopher Waller, a Federal Reserve Governor, reaffirmed his commitment to defending the central banks independence, particularly if challenged by a U.S. president. He emphasized the importance of limited interactions between the Fed chief and the president, primarily during crises. Waller, appointed during the Trump administration, has been mentioned as a potential successor to current Fed Chair Jerome Powell. He advocates for cutting interest rates to support the job market, despite past speculations about his dovish views being a bid for the top Fed job. This discussion underscores the balance between the Feds independence and its role in economic stability.
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