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Ten days ahead of the next Federal Reserve meeting, the Trump administration looks to be in a full-court press to halt a rate hike in its tracks.



August nonfarm payrolls are expected to rise by 53,000 as a subdued labor market keeps Fed attention focused on inflation.

In remarks that seem to contrast with statements last week from Chairman Kevin Warsh, Waller expressed confidence in the current inflation trends.

The central bank policymaker in a CNBC interview did not commit on whether he thinks an interest rate hike is necessary.

The policymaker said he's concerned about "broader price pressures taking hold" as inflation has prevailed above the Fed's 2% target

The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.

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