Federal Reserver Governor Christopher Waller joins ‘Kudlow’ to discuss the latest developments at the Federal Reserve.
Federal Reserve Governor and Chairman Christopher Waller joined “Kudlow” to close the claim of chairman Jerome Powell’s Adgen agency driving “fog.”
Powell said Wednesday that the lack of key economic data resulting from the government shutdown has given the Federal Reserve a disorganized outlook for the economy.
“This fog story has got to stop,” Weller told FOX Business’ Larry Kudlow. “The fog can tell you to slow down. It doesn’t tell you to go over to the side of the road. You can go. You can want to win, and that’s the right thing to do policies – to keep cutting.
Powell warns to shut down Fed’s economic outlook: ‘Driving in the fog’
US Federal Reserve Chair Jerome Powell speaks during a press conference at the end of the Financial Committee meeting in Washington Oct. 29, 2025. (Jim Watson/AFP/Getty Images/Getty Images)
“What do you do when you drive in fog? You slow down,” Powell said during an open Market Committee meeting.
Waller is one of five members on the list to replace Powell. Opponents include Michelle Bowman, Kevin Hassett, Rick Rieder and Kevin Warsh.
Waller said he is ready to take the position if elected.
“If the president asked me, I would serve,” Waller said. “You asked me once before, I said yes. … I will say yes again.”
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The Economist has worked at the Federal Reserve Board of Labor since 2020 after being appointed by President Donald Trump.
Waller stressed that the Federal Reserve has enough data, arguing and suspending decision-making is not necessary.
Christopher Waller, governor of the US Federal Reserve, during the Federal Reserve’s Payment Innovation Forum in Washington, DC, Oct. 21, 2025. (Aaron Schwartz/Bloomberg via Getty Images/Getty Images)
“Actually we have a lot of data, because official Government data is not released. We have a lot of data,” he said.
The Fed is cutting lending rates for the second time this year amid weakness in the labor market
The governor also pointed out that tax rates have a “little” impact on the economy, and inflation is not a concern.
The Mariner S. Eccles Federal Reserve building in Washington, DC, June 25, 2024. (Ting Shen/Bloomberg via Getty Images/Getty Images)
“We expect it to go down,” Wander said. “All of our forecasts have an uptick in energy going down. So, yes, it’s up, and it’s up, but it’s coming back completely.”
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Waller identified the labor market as his biggest concern and made predictions about an artificial intelligence revolution, saying things could be different in a year or two. He said he is a “big optimist” about AI.
“It’s not quite there yet. We’re not seeing it yet in production. … But 12 months, 24 months, I think you’re going to start seeing some big changes,” he said.
