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Is Waller catering to Trump's preferences? The "Federal Reserve's mouthpiece" commented this way.
Jin10 data reported on June 20 that Federal Reserve Board Governor Waller suddenly voiced support for a rate cut in July, sparking speculation that "he wants to run for the shadow chairman of the Federal Reserve." In response, "The Federal Reserve's mouthpiece" Nick Timiraos stated that Waller is expected to be one of the dark horse candidates for Federal Reserve Chairman next year. His early expression of the view that "inflation is not the most concerning issue at the moment" is a clever strategy, especially as the impact of tariffs gradually becomes apparent; this position may come in handy. Unlike other potential candidates, Waller has not consistently maintained hawkish rhetoric over the past decade, and his stance will not seem contradictory in the face of a president who leans towards dovish policies. Unlike the current chairman, Waller does not have to bear the burden of "two misjudgments on the inflation issue," as this will not become part of his historical legacy.
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