The Daily Hodl 2025-06-21 16:55:54

Federal Reserve Governor Says Interest Rate Cuts Could Materialize As Early as July

Rate cuts could materialize earlier than consensus expectations, according to Federal Reserve Governor Christopher Waller. In a new interview with CNBC, Waller says the Federal Open Market Committee (FOMC) could slash the federal funds rate as soon as July. “Any tariff inflation we should see, and I’ve been given various estimates, and I don’t think it’s going to be that big, and we should just look through it in terms of setting policy and look at the underlying trend of inflation. And right now, the data the last few months is showing that trend inflation is looking pretty good, even on a 12-month basis, so I’ve labeled these ‘good news rate cuts,’ if inflation comes down to target, we can actually bring rates down. I’ve been saying this since around November of ’23. So I think we’re in that position that we could do this as early as July.” Waller does say that’s just his view and acknowledges the FOMC might not share that opinion. The FOMC announced on Wednesday that it planned to maintain the target range for the federal funds rate at 4.25-4.5%, arguing that it was the most suitable level to achieve both maximum employment and controlled inflation. The Fed has held interest rates steady since December, when it cut the rate by 0.25%. CME Fed Watch tool indicates there’s only a 14.5% chance of a rate cut in July but a 61.8% chance of one at the FOMC’s meeting in September. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Federal Reserve Governor Says Interest Rate Cuts Could Materialize As Early as July appeared first on The Daily Hodl .