Fed Governor Waller Advocates for December Rate Cut Amid Weakening Labor Market

A big bank in the United States, called the Federal Reserve, has members who discuss if they should make it cheaper for people and businesses to borrow money by lowering interest rates.

One member, Christopher Waller, thinks they should lower rates in December because the job market is getting weaker and he believes prices will stop going up so fast.

However, other members, like Lorie Logan, disagree.

She thinks they should wait and see if prices are really going down or if the job market is cooling off before cutting rates.

Another member, Beth Hammack, is not sure and thinks they are already at a good spot.

The leaders of this bank recently lowered interest rates a little bit in October, but they are still deciding what to do next.