Federal Reserve Governor Wallermore to come The time has come to move policy to a more neutral stanceWould support 25 bps cut at Fed’s September meetingWaller says he anticipates additional rate cuts over next 3–6 monthsDon’t believe a bigger September cut is needed, unless August jobs report shows substantial weakening and inflation stays well-containedWanted rate cut in July, feels more strongly about it nowWaller says policy rate is ‘moderately restrictive,’ estimated at 1.25 to 1.50 percentage points above neutralUnderlying inflation, factoring out temporary effect of tariffs, is close to 2%Labor demand is weakening, and that is not goodDownside risks to labor market have increased This article was written by Eamonn Sheridan at investinglive.com.