Federal Reserve Gov. Christopher Waller said that the central bank could cut interest rates as early as July, arguing that inflation under tariffs wouldn't likely be a problem.

Fed Governor Waller supports a fed rate cut as soon as July, citing reduced inflation risks and urging action before labor market slowdown.

A flurry of Federal Reserve officials this week made clear they’ll need a few more months to gain confidence that tariff-driven price hikes won’t raise inflation in a persistent way.

In his testimony before the U.S. House of Representatives and Senate this week, Federal Reserve Chairman Jerome Powell at times found himself on the defensive regarding the Fed’s immobility in making any rate cuts to the federal funds rates the first half of this year.

The Fed has insisted all year that it’s not time to cut interest rates yet on account of tariff uncertainty. However, as Opening Bell Daily has maintained for several months, the labor market data justify lower rates, as do the five consecutive months of cooler-than-expected inflation reports.

Trump, who said rates should be cut to 1% from the current Fed benchmark rate of 4.25% to 4.50%, has repeatedly railed against Fed Chair Jerome Powell for not lowering borrowing costs since Trump returned to the White House in January, and he did so again on Friday.

President Donald Trump on Tuesday said Federal Reserve Chairman Jerome Powell to resign immediately, and renewed his calls for the central bank to lower interest rates.

Deutsche Bank argues the Fed's path to cutting is only getting more "difficult" because of Trump's changing tariff policies.

President Donald Trump said Jerome Powell should “resign immediately” if allegations from an administration official that the Federal Reserve chair misled lawmakers prove true, while deepening his personal attacks against the head of the central bank over interest rate policy.