Fed Chair potential candidate Waller supports rate cut in July: this is not about politics.

[Fed Chairman potential candidate Waller supports July rate cut: This is not about politics] Fed Governor Waller stated on Thursday local time that even if the June employment data is strong, the Fed should still consider a rate cut at the July meeting. In the Q&A session following his speech at the Dallas Fed, he emphasized: "I have clarified my view—current policy interest rates are too high, and we can discuss lowering the benchmark interest rate in July." He believes inflation has clearly cooled, the job market is stabilizing, and recent price increases due to tariffs are limited to specific goods. He stated, "When inflation is declining, we do not need to maintain such a tight policy stance; this is the decision-making logic that a Central Bank should have." Waller's statement is particularly notable not only for its timing—the latest employment data just showed a continued strong labor market—but also because he is seen as a leading candidate for the next Fed Chairman. U.S. President Trump has repeatedly criticized Powell and urged him to resign early, while Waller is viewed as a potential successor due to his dovish stance. However, Waller made it clear on Thursday: "Although I belong to the minority, I have clearly demonstrated the feasibility of a rate cut using economic logic. This is not about politics."