Federal Reserve Governor Waller: We hope to observe the situation before deciding whether to cut interest rates later this year.

Federal Reserve Governor Waller stated that he wants to observe developments before deciding whether to cut interest rates later this year. He believes that once the tariff issue is resolved, inflation will decline. However, if employment remains weak, he will advocate for another rate cut later this year. The Fed is making progress in curbing structural inflation, which is currently likely close to 2%, but is being pushed up by tariffs. (Jinshi)