Federal Reserve Governor Christopher Waller indicated support for a potential interest rate cut in December, contingent on upcoming economic data. Recent inflation trends show a rise, raising concerns about the Fed's inflation target. Both Waller and Atlanta Fed President Raphael Bostic discuss the balance between controlling inflation and supporting economic growth. Financial markets suggest a 65% chance of a quarter-point cut this month, with inflation currently at 2.3%. Waller emphasized that while rate cuts may ease restrictions, they remain cautious about inflation's stubbornness.