off-the-wire

Fed blackout period lifts with Waller due on CNBC at 11:30

Kitco Media
By Reuters
Published:
Updated:
Reuters
Fed blackout period lifts with Waller due on CNBC at 11:30 teaser image

WASHINGTON, Sept 20 (Reuters) - The U.S Federal Reserve's blackout period on public comment around meetings of the central bank lifts on Friday after a key rate decision earlier in the week, with Governor Chris Waller scheduled for an 11:30 a.m. EDT appearance on CNBC.

The Fed cut its overnight interest rate by half-a-percentage point on Wednesday, a larger decrease than some officials appeared to be leaning towards in the run up to the meeting.

Waller however voted with the majority to support the half-point decrease, which drew the first dissent from a member of the Fed's Board of Governors since 2005. Governor Michelle Bowman favored a smaller quarter-point rate cut.

Reporting by Howard Schneider;

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