Fed Governor Waller Shifts Stance; September Rate Decision Hinges on August Inflation Data

Wall Street Journal reporter Nick Timiraos stated that Federal Reserve Governor Christopher Waller has shifted from a hawkish stance to a more cautious, neutral position since July. The decision for the upcoming policy meeting will depend on the August inflation data; if inflation continues to trend toward the 2% target, rates will likely remain unchanged, while higher-than-expected data could trigger a rate hike.