Fed’s Waller Says March Rate Call Depends on Labor Market (2)

Federal Reserve Governor Christopher Waller said his decision on whether to support an interest-rate cut at the US central bank’s next policy meeting will hinge on upcoming labor-market data.

Waller said it may be appropriate to keep rates steady when the Federal Open Market Committee next meets March 17-18 if labor market data for February indicate, as in January, that downside risks to the labor market have diminished.

Christopher Waller

Photographer: Al Drago/Bloomberg

“But if the good labor market news of January is revised away or evaporates in February, it would support my position at the FOMC’s last meeting, that a 25-basis-point reduction in ...