Fed's Waller Supports a 25 Bps Rate Cut in September

I believe that monetary policy should look through the tariff impacts on inflation. I've been saying this for a year. With underlying inflation close to 2%, market based measures of longer term inflation expectations firmly anchored, and the chances of an undesirable weakening in the labour market have increased.Proper risk management means the FOMC. FOMC should be cutting the policy rate right now. I felt this way in July and all the evidence since then has led me to feel more strongly about it today.Based ...