PANews reported on March 7, according to Jinshi, that Federal Reserve Governor Waller stated on Thursday that he is strongly opposed to cutting Fed interest rates at the policy meeting to be held this month. However, he believes that if inflationary pressures continue to weaken, there is still hope for an interest rate cut later this year. Waller said he does not have enough inflation data to assess whether it should be lowered, especially under the great uncertainty caused by President Trump's trade policies.
In the long term, Waller said that the proposed monetary policy outlook from officials at the meeting last December still appears credible. He pointed to predictions of two interest rate cuts this year and next year and said, "I don't see a problem with these numbers even if the actual outcomes differ slightly." This Federal Reserve Governor also stated that when measuring inflation expectations; he pays more attention to market indicators than survey data. In this regard, information from market pricing shows that traders and investors believe that Trump's current policy goals do not truly impact long-term inflation.
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