Federal Reserve Governor Christopher Waller made his most assertive case yet for a July rate cut—and signaled he’s ready to take Jerome Powell‘s seat if President Donald Trump asks.
Speaking Friday on Bloomberg TV, Fed’s Waller joined fellow policymaker Michelle Bowman in backing a July rate cut—an implicit alignment with Trump’s push for looser monetary policy.
Not only did Waller back a rate cut for the upcoming July meeting, he also said he would accept the job as Federal Reserve Chair in 2026 if offered.
His remarks follow a tense week in Washington as speculation mounts over Powell’s future.
Waller Says He’s Ready To Cut Now…
“I laid out my case. I don’t think I could be any more clear,” Waller said when asked how he plans to vote in July.
He warned of fragile underlying labor market data as a reason to ease rates now. While headline numbers look stable, he likened …