By Cryptonewshub Staff | Europe | November 24, 2025| 18:06 CET

Washington, D.C. — Federal Reserve Governor Christopher Waller has publicly signaled his support for lowering interest rates at the upcoming December meeting of the Federal Open Market Committee (FOMC), citing continued weakness in the labor market and limited change in recent economic data since the central bank’s last policy decision.

Speaking in an interview with Fox Business, Waller said he believes inflation is unlikely to pose a significant challenge in the near term, arguing that price pressures appear to be pulling back. While acknowledging that inflation remains a key factor in the Fed’s decision-making process, he emphasized that current conditions justify a more accommodative policy stance.

“In this sense, for me, I don’t think inflation will be a big problem going forward,” Waller stated. “It’ll start pulling back, but the labor market is still weak, so I’m advocating for a rate cut at the next meeting.”

His comments point to growing momentum within the Federal Reserve toward easing monetary policy after an extended period of tight conditions aimed at curbing inflation. However, Waller cautioned that future decisions will depend heavily on incoming data, particularly in early 2026.

He noted that January could present a more complex policy landscape, as a surge of economic indicators will need to be assessed to determine whether further rate cuts are warranted. “We need a meeting-by-meeting approach,” Waller said, underscoring the Fed’s commitment to flexibility rather than locking into a fixed path for monetary policy.

Waller also sought to downplay concerns that tariffs could reignite inflationary pressures, calling their impact “not that big” in the broader economic picture. This view contrasts with some market fears that increased trade costs could feed through to consumer prices, potentially complicating the Fed’s easing cycle.

In a notable political dimension, Waller confirmed that he recently met with US Treasury Secretary Scott Bessent to discuss his possible nomination as the next Chair of the Federal Reserve. While he did not confirm any formal decision, he expressed confidence in his qualifications for the role.

“I think they are looking for someone who has merit, experience, and knows what they are doing in the job, and I think I fit that,” Waller said.

His remarks arrive at a critical juncture as investors and policymakers weigh the balance between supporting economic growth and maintaining price stability. A rate cut in December would mark a significant shift in tone and could influence global financial markets, given the central role of US monetary policy in shaping international capital flows.

As the December meeting approaches, markets will continue to parse economic data and Fed commentary for clues about the trajectory of US interest rates and the broader direction of monetary policy in 2026.

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