Federal Reserve governor Christopher Waller reiterated Thursday that he believes the Fed could consider cutting rates later this month because any inflation from tariffs will be temporary, underscoring a new divide within the central bank. “I think we're just too tight and we could consider cutting the policy rate in July,” said Waller, addding, “it’s not political.” One of his colleagues, St. Louis Federal Reserve president Alberto Musalem, made a much different argument Thursday, saying he is undecided about whether inflation from tariffs will be a one-time boost or longer lasting. “It's going to take time for the ... (full story)