Asked whether interest rate cuts were discussed, Waller said "there is only one proposal on the table."
Golden Ten Data reported on June 18 that, when asked whether Federal Reserve officials discussed any rate cuts during the meeting ending Wednesday, Federal Reserve Chairman Walsh gave a very clear answer: "There was only one proposal on the table, no other proposals were discussed." He stated, "For us, there was only one core issue, and officials engaged in intense internal discussions around this topic (similar to a family-style debate)." However, he also pointed out that after thorough discussions, the officials ultimately reached consensus. The Federal Reserve decided to keep the interest rate unchanged in the range of 3.5% to 3.75%, and this decision was ultimately unanimously approved.
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