![Fed's Waller](https://images.forexlive.com/images/Fed%27s%20Waller_id_0630a38f-593e-4681-ba2c-e560ddccd155_size900.jpg)
Fed's Waller
The latest comment from the Fed's Waller is:
- Good arguments that if inflation continues falling for several more months that you could lower policy rate
Waller is generally a hawk so this is a real turn from him and the first hint from any Fed official that rate cuts are coming, or could come.
The market is already pricing in a 75% chance of a May rate cut but that certainly hasn't been endorsed by the Fed, until now. As a result, we're seeing material US dollar selling along with bids in bonds and buying in equities.
![gbpusd 10 mins](https://images.forexlive.com/images/gbpusd%2010%20mins_id_95014d07-b80e-446f-899a-e7c4f92c1850_original.jpg)
gbpusd 10 mins