Federal Reserve Governor Christopher Waller has expressed support for a 25 basis point rate cut at the upcoming December 9–10 FOMC meeting. Waller highlighted a cooling labor market, with rising unemployment claims and increased layoffs, as key factors influencing his stance. He noted that inflation is nearing the Fed's 2% target, excluding tariff effects, and argued that the current restrictive monetary policy is disproportionately impacting lower- and middle-income households. Waller emphasized that the existing economic data justify immediate action, suggesting that a rate cut would serve as a precaution against further labor-market deterioration and help align monetary policy closer to a neutral stance. He pointed out that the current policy environment is affecting affordability in housing and auto sectors, underscoring the need for a more balanced approach.