Federal Reserve Governor Christopher Waller speaks at a Senate Banking, Housing and Urban Affairs Committee hearing in 2020.
Sarah Silbiger/Getty Images
- The Fed will cut rates in the "not-too-distant future" if inflation and the labor market remain favorable.
- That's according to Fed Governor Christopher Waller, who delivered remarks on Wednesday.
- Other Fed officials still say they still need to see more data inflation is cooling.
The Federal Reserve is getting ready to cut interest rates.