Washington, Oct 16, 2025 (AFP) - US Fed chair contender backs October rate cut

NAMPA / AFP

2025-10-16

A top contender to run the US Federal Reserve threw his support Thursday behind a quarter-point rate cut later this month, claiming he believed inflation would soon cool. Speaking in New York, US Fed Governor Christopher Waller said economic conditions were such that policymakers should focus their attention on the softening labor market instead. President Donald Trump, who is mulling who to nominate to replace outgoing Fed chair Jerome Powell, h......

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