Fed’s Waller says US ‘within striking distance’ of inflation goal

WASHINGTON  -The U.S. is “within striking distance” of the Federal Reserve’s 2 percent inflation goal, but the central bank should not rush to cut its benchmark interest rate until it is clear lower inflation will be sustained, Fed Governor Christopher Waller said on Tuesday. And regardless of when rate cuts begin, Waller said the central bank should proceed “methodically
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