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.

Economists still expect the Trump administration's tariffs to push up prices and lift inflation later this year, but "the near-term trend remains favorable, enabling the (Fed) to signal next week that it still intends to begin easing policy again later this year," economists at Pantheon Macroeconomics wrote.

A short-lived bump in tariff-driven inflation could pass quickly enough to allow interest-rate cuts this year, especially if levies ease, Federal Reserve governor Christopher Waller said. New trade barriers are likely to push up prices in the short term,

Federal Reserve Governor Christopher Waller said he continues to see a path to interest-rate cuts later this year amid his expectations that tariffs will boost unemployment and temporarily increase inflation.

President Donald Trump said that the softer-than-expected inflation result for May looked great, again calling for the Federal Reserve to cut interest rates by a full percentage point. “CPI JUST OUT.

Federal Reserve Governor Christopher Waller said interest rate cuts remain on the table for 2025, even as President Donald Trumps new tariffs are expected to temporarily lift inflation. Speaking in Seoul,

Federal Reserve Governor Christopher Waller said he continues to see a path to interest-rate cuts later this year amid his expectations that tariffs will boost unemployment and temporarily increase inflation.

Futures that settle to the Federal Reserve's policy rate reflected rising bets that the U.S. central bank will deliver a pair of back-to-back interest rate cuts starting in September, after government data on Thursday showed US weekly jobless claims were steady at elevated levels.