"Fed Mouthpiece": Federal Reserve Governor Waller Maintains His Most Dovish Stance

According to a report by Jinse Finance, "Fed whisperer" Nick Timiraos stated that Federal Reserve Governor Waller continues to hold the most dovish stance among his colleagues on the Federal Open Market Committee (FOMC). Not long ago, Waller said, "I fully support the idea that perhaps we should start considering cutting policy rates at the next meeting, because we don't want to wait until the job market collapses before we begin to lower rates." Waller hinted at the internal dynamics of the committee—based on current data, there is no support within the FOMC for a rate cut in July. This raises a question: is he laying the groundwork to "dissent in favor of a rate cut" at the July meeting? Among those hoping to be nominated as Fed Chair, Waller may be the one who has provided the most theoretically robust arguments for a rate cut so far.