The post We should cut at next meeting appeared on BitcoinEthereumNews.com. In an interview with CNBC on Wednesday, Federal Reserve (Fed) Governor Christopher Waller reiterated that they should cut the interest rate at the next policy meeting. Key takeaways “Don’t need to go in lock-sequence of rate cuts.” “Could see multiple cuts, whether it’s every meeting or every other will need to see what data says.” “We know we’ll have a blip of inflation but it won’t be permanent, 6 months out will be closer to 2%.” “We can always adjust rate-cut pace.” “Fed’s independence is critical, believe we have independent Fed.” “Have not had interview for fed chair job.” “Don’t see recession, but slower growth.” Market reaction These comments received a dovish 3.2 from FXStreet Fed Speech Tracker but failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was virtually unchanged on the day at 98.30. Meanwhile, stays in neutral territory near 100.00. Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members… The post We should cut at next meeting appeared on BitcoinEthereumNews.com. In an interview with CNBC on Wednesday, Federal Reserve (Fed) Governor Christopher Waller reiterated that they should cut the interest rate at the next policy meeting. Key takeaways “Don’t need to go in lock-sequence of rate cuts.” “Could see multiple cuts, whether it’s every meeting or every other will need to see what data says.” “We know we’ll have a blip of inflation but it won’t be permanent, 6 months out will be closer to 2%.” “We can always adjust rate-cut pace.” “Fed’s independence is critical, believe we have independent Fed.” “Have not had interview for fed chair job.” “Don’t see recession, but slower growth.” Market reaction These comments received a dovish 3.2 from FXStreet Fed Speech Tracker but failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was virtually unchanged on the day at 98.30. Meanwhile, stays in neutral territory near 100.00. Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members…