Fed governor bolsters hopes for rate cuts in 2024

Christopher Waller
Christopher Waller
St Louis Fed

A governor of the Federal Reserve has said the US central bank is likely to cut interest rates in 2024. 

In a speech on January 16, Christopher Waller said the Federal Open Market Committee (FOMC), of which he is a voting member, was open to lowering interest rates this year: “The data we have received [in] the last few months is allowing the committee to consider cutting the policy rate in 2024.” 

He went on to say that “as long as inflation doesn’t rebound and stay elevated, I believe the FOMC

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