Two Federal Reserve officials are worried about the job market — more so than inflation.
Fed governor Chris Waller said Monday that he supports cutting interest rates next month because he's more worried that the job market is weakening than inflation accelerating. Waller noted that it's unlikely the September jobs report later this week or any other data in the next few weeks will change his view that another cut is in order.
"The data leads me, at this moment, to support a cut in the FOMC's policy rate at our next meeting on December 9 and 10 as a matter of risk management," Waller said in