Fed Board Member Waller: Inflation data prompts support for a 50 basis point interest rate cut

Odaily Planet Daily News Federal Reserve Board member Waller (when asked about the 50 basis points rate cut) said that this is an appropriate number. He said that inflation data prompted him to support a 50 basis points rate cut and added that he mentioned in a speech two weeks ago that a 25 basis points rate cut was a good choice, but he is also open to 50 basis points.