A member of the Board of Governors of the United States Federal Reserve System, Christopher Waller, on Thursday voiced his support for rate cuts, if Trump administration's tariff policy leads to a surge in unemployment. The employment in the United States is at risk due to retaliatory tariffs imposed by other countries on American goods. If clients reduce orders, export-oriented industries in the U.S. may be forced to lay off workers. Speaking in an interview, Waller said that the impact of tariffs on the economy will not be significant before July, but unemployment could rise sharply afterward if high tariffs were reinstated. He said he expects more rate cuts, if the labor market experiences significant deterioration. Waller's view contrasts with that of other Federal Reserve officials, such as Chair Jerome Powell, who have yet to indicate any support for rate cuts. SHOTLIST: FILE: Washington D.C., USA - Date Unknown 1. Various of U.S. Federal Reserve building; national flag of United States, flag of Federal Reserve; FILE: Michigan, USA - Oct 2024 2. Aerial shot of buildings, traffic; FILE: Detroit, Michigan, USA - March 17, 2025 3. Various of buildings; New York City, USA - April 7, 2025 4. Various of construction workers, truck crane, vehicle; FILE: North Las Vegas, USA - 2022 5. Various of workers working, machine operating on production lines; FILE: New York City, USA - Date Unknown 6. Various of workers packing goods at Amazon warehouse; Los Angeles, California, USA - April 7, 2025 7. Various of residents loading groceries onto cars; Miami, USA - April 7, 2025 8. Various of fruit, vegetables; FILE: New York City, USA - October 2024 9. Traffic; 10. Brooklyn Bridge. [Restrictions: No access Chinese mainland]