The Federal Reserve's blackout period on public comment around meetings of the U.S. central bank lifts on Friday after a key interest rate decision earlier in the week, with Governor Chris Waller scheduled to appear on CNBC at 11:30 a.

According to Waller, the persistent progress that the Fed had made on the inflation control front had made long strides. Hence, the balance of risks had clearly shifted toward the employment side of our dual mandate. The underlying message is that the monetary policy now needs to change its approach and focus accordingly.

Federal Reserve Governor Christopher Waller said favorable inflation data, and not worries about the labor market, are what convinced him to support policymakers’ decision to lower interest rates by a half percentage point this week.

Federal Reserve Governor Christopher Waller said Friday he backed a 50-basis-point interest-rate cut at this week's Federal Open Market Committee meeting, citing a steeper-than-expected decline in inflation.