In his latest statement, Federal Reserve Governor Christopher Waller highlighted that the timing for initiating a series of interest rate cuts is ripe given the current economic environment. Not only does Waller maintain an open stance on the scale and pace of the cuts, but he also explicitly stated that if the data supports consecutive cuts, it would be a suitable measure. He further emphasized that if data indicates the need for a more significant cut, he will fully support such action. This statement reflects Waller's sensitivity to the current economic situation and the flexibility of policy adjustments. It's noteworthy that Waller's perspective is more assertive than that of Fed Chair Jerome Powell's remarks at the recent Global Central Bank Governors' Meeting, where Powell merely indicated that the time for easing monetary policy had come due to developments in inflation and labor markets. In contrast, Waller implies a willingness to start with a substantial cut of 50 basis points, adopting a more proactive approach to address potential economic risks. Additionally, Waller mentioned the recently released employment data. The figures showed that the average number of new jobs added over the past three months was only 11.6 thousand per month, reinforcing the view of a continued slowdown in the job market. These signals prompted Waller to believe that there is a need for more robust policy measures to support economic growth and stabilize the job market. In summary, the remarks of Federal Reserve Governor Waller indicate that, in facing complex and ever-changing economic environments, the Fed is opting for more flexible and diverse policy tools, aiming to effectively respond to potential economic challenges through precise intervention.