Fed's Waller Makes Case for a Rate Cut
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The president and chief executive officer of the Federal Reserve Bank of Atlanta announced his intention to retire on February 28, 2026.
The Federal Reserve's interest rate-setting body is expected to announce a 25 basis point cut and provide guidance on the trajectory of its balance sheet Wednesday afternoon.
Atlanta Federal Reserve President Raphael Bostic's decision to retire comes amid several potential leadership shakeups at the nation's central bank.
Stocks recovered from steep losses following the market's worst day in over a month, erasing weeks of gains and pulling back from record highs.
The Federal Open Market Committee (FOMC) lowered their policy rate (i.e. federal funds) by 0.25% to 4.25%. Read more here.