"Fed mouthpiece" Nick Timiraos said Fed Governor Waller echoed recent comments suggesting the Fed could cut interest rates as early as September to maximize the economy's chances of a soft landing. "While I don't believe we have reached our ultimate goal, I do believe that we are getting closer to the point where a reduction in policy rates is warranted," he said in remarks prepared to be delivered in Kansas City on Wednesday. His speech was a marked shift from two months ago, when he suggested the Fed wouldn't need to cut interest rates until December. Now he is apparently open to a rate cut in September. (Golden Ten)