Waller Calls March Rate Move A 'Coin Flip' As Jobs Data Diverge

2026-02-26 07:21:00 ET

Federal Reserve Governor Christopher Waller told the National Association for Business Economics on February 23rd that the March 17th–18th Federal Open Market Committee decision is “close to a coin flip.” After three straight 25-basis point cuts since September, the Fed paused in January—over Waller’s dissent—and left its policy rate near 4.75 percent. He argued that “the risk of a substantial downturn in the labor market combined with a limited risk of higher inflation warranted another cut.” Mixed economic signals since that meeting are doing little to settle the debate, while gold, ever the monetary barometer , notched a fresh high of $5,236 per ounce on Monday....

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