Federal Reserve Governor Christopher Waller is making strong calls for a 25 basis point interest rate cut in July, citing concerns over a slowing economy and potential risks in the job market. Waller, who is seen as a possible successor to current Chair Jerome Powell, emphasizes that the U.S. economy is experiencing significant slowdowns and that inflationary pressures are manageable. His comments reflect a growing divide within the Fed, with some officials supporting immediate action. Waller warns that delaying the rate cut could have negative consequences for economic stability, underscoring his stance that the time to act is now.