 A Federal Reserve governor says it's getting closer to cutting interest rates. Christopher Waller hinted the Fed expects a rare soft landing of the economy unless there are major changes in inflation and employment numbers. He said, quote, I do believe we're getting closer to the time when a cut in the policy rate is warranted. The Fed has balked at any rates cut while inflation remains high. The wine business has not been aging well and one major company is scaling back its operations.