Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the central bank if asked by President Donald Trump, but so far Trump has not contacted him about it.
“In 2019 the president contacted me and said, ‘Would you serve?’ And I said yes,” Waller told Bloomberg Television, referring to Trump’s appointment of him to the Fed’s Board of Governors. “If the president contacted me and said, ‘I want you to serve,’ I would do it. But he has not contacted me.”
Trump has launched a barrage of nearly daily criticism at Fed Chair Jerome Powell over the central bank’s reluctance to cut rates due to concern the administration’s trade and tariff policies will increase inflation.
“If the president contacted me and said, ‘I want you to serve,’ I would do it. But he has not contacted me,” Fed Governor Chris Waller said. AP
Waller favors a rate cut at the Fed’s upcoming July 29-30 meeting