Federal Reserve Governor Christopher Waller said on Monday that future interest rate cuts will be less than the sharp rate cut in September, and he is worried that the economic growth rate may still be higher than expected. Citing recent employment, inflation, gross domestic product and income reports, the policymaker said, “These data suggest that the economic slowdown may not be as large as expected.” “Although we don't want to overreact to these data or just look at the data, I think these data suggest that monetary policy should be more cautious in cutting interest rates than is needed for the September meeting,” Waller said in a statement preparing for the Stanford University conference.

Federal Reserve Governor Christopher Waller said on Monday that future interest rate cuts will be less than the sharp rate cut in September, and he is worried that the economic growth rate may still be higher than expected. Citing recent employment, inflation, gross domestic product and income reports, the policymaker said, “These data suggest that the economic slowdown may not be as large as expected.” “Although we don't want to overreact to these data or just look at the data, I think these data suggest that monetary policy should be more cautious in cutting interest rates than is needed for the September meeting,” Waller said in a statement preparing for the Stanford University conference.