Federal Reserve Governor Waller: If the labor market remains weak, he will push for interest rate cuts.

Federal Reserve Board Governor Christopher Waller voted to maintain interest rates at the Federal Reserve meeting on Wednesday, but he said this does not mean he will continue to hold this position. In an interview with CNBC, he said, "If things go quite smoothly and the labor market remains weak, I will advocate for a policy rate cut later this year." However, Waller noted that given the many unknown impacts of the conflict in the Middle East, if oil prices remain very high, it will eventually transmit to core inflation.