Federal Reserve Governor Christopher Waller, a candidate to take over from Jerome Powell as chair in 2026, on Wednesday voiced his support for starting a rate-cutting cycle in two weeks and said the central bank has the flexibility to adjust that pace in the future. “When the labor market turns bad, it turns bad fast ... So for me, I think we need to start cutting rates at the next meeting,” Waller said in an interview on CNBC’s “Squawk Box.” “We don’t have to go into a lock sequence of steps. We can kind of see where things are going, because people are still worried about tariff inflation. I’m not, but everybody ... (full story)