Fed Governor Waller: We hope to continue cutting interest rates, but we should remain cautious

Federal Reserve Governor Waller said the job market may have turned negative in the past few months, and the labor market is now his biggest concern. Waller said: "Job growth may have been negative in the past few months. The labor market is very weak, and this is the key point for policy and what we need to understand." The September non-farm payroll report, originally scheduled for release last week, was delayed due to the government shutdown. Waller was appointed to the Federal Reserve Board by US President Trump in 2020 and is currently the favorite to succeed Powell as Fed Chairman. Powell's term expires in May next year. Waller said his interview went well and discussed serious economic issues, "without any political factors." Waller also said that he hopes to continue to cut interest rates, but stressed that policymakers should remain cautious. (Jinshi)