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.

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The U.S. dollar dropped against rivals after Fed governor Christopher Waller, who is reportedly under consideration for the lead role at the Fed, advocated for an interest-rate cut at the next central bank meeting in two weeks.