During Kevin Waugh's tenure, the Federal Reserve may focus on the following policy directions:

- Further hawkish measures: continue to raise interest rates to curb inflation and maintain monetary tightening.
- Reduce balance sheet size: accelerate quantitative tightening and decrease asset purchases.
- Emphasize fiscal and monetary separation: support fiscal deficit management and avoid excessive intervention.
- Focus on financial stability: strengthen regulation to prevent systemic risks.
- Support corporate market expansion: provide a market-friendly environment for corporate financing and promote economic recovery.