Fed Governor Waller: Opposes rate cut this month, no problem with two rate cuts in two years

PANews reported on March 7th that, according to Jin10, Federal Reserve Board Governor Warsh expressed strong opposition on Thursday to a rate cut at the policy meeting scheduled for this month, although he believes that if inflation pressures continue to ease, there is still hope for a rate cut later this year. Warsh stated that he simply does not have enough inflation data to judge whether a rate cut should be made, especially given the significant uncertainty caused by US President Trump's trade policy. Looking ahead, Warsh stated that officials' monetary policy outlook presented at the December meeting still appears credible. He pointed out that the forecast of two rate cuts this year and next year seems reasonable, saying, 'I think this number is fine, even if the actual results are slightly different.' The Fed board member also stated that when measuring inflation expectations, he follows market indicators rather than survey data. In this regard, market pricing information indicates that traders and investors believe that Trump's current policy objectives do not have a real impact on long-term inflation.