Fed’s Waller sees path to multiple interest-rate cuts this year

The Fed

Inflation pressure from tariffs will be transitory, Fed governor says

Published: June 1, 2025 at 8:21 p.m. ET

The Federal Reserve will likely be able to lower interest rates this year, and recent data supports this outlook, Fed Governor Christopher Waller said.

In a speech Monday morning in South Korea, Waller argued that inflation from the the Trump administration’s higher taxes on imported goods wouldn’t be persistent. He said that consumers are not acting as if they are worried about higher inflation despite recent polls saying they expect short-term inflation above 6%.