Fed governor breaks ranks and says rate cuts could resume next month to prevent further cracks in the job market

fortune.com/2025/06/21/christopher-powell-trump-fed-powell-inflation-tariffs-labor-politics-rate-cut

Christopher Waller, a potential Fed chair successor to Jerome Powell, said rates could come down as soon as July. The Fed voted unanimously on Wednesday to continue its wait-and-see strategy ahead of expected tariff-fueled inflation this summer. Initial jobless claims data reflects a…

This story appeared on fortune.com, 2025-06-21 15:01:04.
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