No Rate Cut Rush

Christopher J. Waller, a Federal Reserve governor, says he’s willing to hit pause on rate cuts in March if the labor market keeps stabilizing. It’s a big deal, since the Fed’s been slashing rates like they’re going out of style. Waller’s not convinced the economy needs another cut right now.

What’s Behind the Decision

Waller’s decision isn’t based on some wild economic theory – it’s just plain old common sense. If the labor market’s doing okay, it’s likely the economy’s not in dire need of a rate cut. And let’s be real, the Fed doesn’t want to overdo it and end up with a bunch of unintended consequences.