Federal Reserve governor Christopher Waller said the central bank could be positioned to cut interest rates at its July meeting, notwithstanding potential inflation pressures from tariffs. “I think we’ve got room to bring it down,

Fed Gov. Christopher Waller said he thinks the central bank should cut rates next month. Trump has demanded lower borrowing costs in 2025.

The Federal Reserve maintained its previously expected pace of rate cuts but signaled higher inflation and a slowdown in economic growth for 2025.