Fed's Waller, a candidate for chair, sees potential for half-point cut if labor market weakens further
1. Fed's Waller supports a September interest rate cut to address labor market weakness. 2. Expected weak August jobs report may reveal economy lost jobs in recent months. 3. Waller anticipates additional cuts over the next three to six months. 4. Concerns over job growth revisions could impact market sentiment and S&P 500. 5. Waller disagrees with rosy assessments of current labor market conditions.