Fed Governor Waller sees more rate cuts but says central bank needs to be 'cautious about it'
1. Fed's Waller supports cautious interest rate cuts amid mixed economic signals. 2. U.S. labor market shows job losses, indicating economic slowdown risks. 3. GDP growth remains strong but inflation exceeds Fed's 2% target. 4. Two more rate cuts expected by year's end, according to Fed projections. 5. Waller stresses gradual approach to avoid policy mistakes.