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Fed blackout period lifts with Waller due on CNBC at 11:30

09/20/2024

Less than a minute

2024.09.20 09:40

WASHINGTON (Reuters) – The U.S Federal Reserve’s blackout period on public comment around meetings of the central bank lifts on Friday after a key rate decision earlier in the week, with Governor Chris Waller scheduled for an 11:30 a.m. EDT appearance on CNBC.

© Reuters. FILE PHOTO: The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo

The Fed cut its overnight interest rate by half-a-percentage point on Wednesday, a larger decrease than some officials appeared to be leaning towards in the run up to the meeting.

Waller however voted with the majority to support the half-point decrease, which drew the first dissent from a member of the Fed’s Board of Governors since 2005. Governor Michelle Bowman favored a smaller quarter-point rate cut.

09/20/2024

Less than a minute