Federal Reserve Governor Waller said on Wednesday that the Federal Reserve still has room to cut interest rates due to market concerns about a weak job market. “I still think we're probably 50 to 100 basis points away from the neutral rate,” Waller said. This means that the Federal Reserve still has room to cut interest rates. Waller said that given the current economic outlook, “there is no need to rush to cut interest rates” and that in an economic environment where inflation is likely to moderate, “we can steadily lower interest rates to a neutral level.”

Federal Reserve Governor Waller said on Wednesday that the Federal Reserve still has room to cut interest rates due to market concerns about a weak job market. “I still think we're probably 50 to 100 basis points away from the neutral rate,” Waller said. This means that the Federal Reserve still has room to cut interest rates. Waller said that given the current economic outlook, “there is no need to rush to cut interest rates” and that in an economic environment where inflation is likely to moderate, “we can steadily lower interest rates to a neutral level.”