Chris Waller, a Fed governor and leading candidate to replace Jay Powell as Fed chair next year, gave a clear indication that he would vote for lower rates at the US central bank’s meetings in late October. Waller said in New York on Thursday that he supported “continued easing of monetary policy from its current setting”.

Federal Reserve Governor Christopher Waller said on Thursday he's on board with another interest rate cut at the U.S. central bank's policy meeting later this month because of the mixed readings on the state of the job market.

Fed Chair Jerome Powell on Tuesday said the central bank is nearing a point where it will stop reducing the size of its bond holdings.

Data available even in the absence of delayed U.S. government employment reports tells a consistent story of weak hiring, bolstering the need for the Federal Reserve to cut rates even as other data points to solid economic growth,

Recent speeches by Federal Reserve officials have demonstrated an ongoing divide between those who want to ease more and others who are leery of further rate cutting, but this type of debate is typical when monetary policy is getting close to appropriate levels,

Jerome Powell said the labor market's outlook hasn't changed much since the central bank's September meeting, when it penciled in two more rate cuts this year.

U.S. banks borrowed $6.5 billion from the Federal Reserve's Standing Repo Facility (SRF) on Wednesday, central bank data showed, and repurchase rates rose, suggesting tightness in meeting funding obligations with a large net Treasuries settlement due this week.