The Federal Reserve should consider cutting interest rates at its next meeting given recent tame inflation data and the fact that any price shock from import tariffs will be short-lived, Federal Reserve Governor Christopher Waller said on Friday.

Federal Reserve governor Christopher Waller said the central bank could be positioned to cut interest rates at its next meeting in July, notwithstanding potential inflation pressures from tariffs. “I think we’ve got room to bring it down,

We’ve been on pause for six months to wait and see, and so far, the data has been fine,” the Federal Reserve governor said.