Fed should’ve cut rates in April and May: Strategist

Monetary Policy Stance - Christopher Waller advocated for a rate cut at the upcoming meeting in two weeks [1] - Waller's views have shifted from hawkish to dovish over the past couple of years [1] - The speaker expressed concern that the optimal time for rate cuts was in April and May [2] - The current level of interest rates is considered restrictive [3] - The speaker would like to see the Fed make further adjustments, believing they paused prematurely [3] Economic Outlook - Anticipation of economic reacceleration in September, October, and November [3] - The speaker believes the "one big beautiful bill" contains incentives for business investment [2]