Here's your summary from Waller Says Fed Is Getting ‘Closer’ to Cutting Rates (https://www.youtube.com/watch?v=VS94XB3gGi0) on the Bloomberg Television channel:

### TLDR:

The Federal Reserve is considering cutting rates as progress towards price stability has resumed.

### Key Points:

1. Inflation and labor market data in the second quarter suggest progress towards price stability.

2. The economy is growing at a more moderate pace, with labor supply and demand in balance.

3. The current data support achieving the FOMC dual mandate goals, indicating a potential cut in the policy rate may be warranted soon.

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