Federal Reserve Governor Waller: The Federal Reserve should be more cautious in cutting interest rates than during the September meeting. The hurricane and Boeing strike could reduce the employment increase by 100,000 jobs in October. My basic expectation is to gradually reduce the policy interest rate within the next year. Currently, the policy interest rate is at a restrictive level. If the economy develops as expected, policies can be adjusted to a neutral position at a “steady pace.”

Federal Reserve Governor Waller: The Federal Reserve should be more cautious in cutting interest rates than during the September meeting. The hurricane and Boeing strike could reduce the employment increase by 100,000 jobs in October. My basic expectation is to gradually reduce the policy interest rate within the next year. Currently, the policy interest rate is at a restrictive level. If the economy develops as expected, policies can be adjusted to a neutral position at a “steady pace.”