By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he continues to believe the U.S. central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures.

Governor Christopher Waller's comments come as tensions between Fed Chair Jerome Powell and President Donald Trump have reached a boiling point in recent days.

Does he understand that if he fires Federal Reserve chair Jerome Powell, the Fed will lose anti-inflation credibility and the general level of interest rates will rise, not fall? Does he really believe that Team Trump can design regulation that makes the crypto sector grow to the moon – bitcoin hit $120,

US retail sales and jobless claims were better than expected on July 17. That offers more support for a hawkish rethink of the Federal Reserve's rate cuts. With the dollar gaining on bets of the Fed being on the sidelines,