Reported about 6 hours ago
The discussion highlights the potential influence of a 'shadow Fed chair,' such as Christopher Waller, over the current Fed chair Jerome Powell, particularly regarding speculation about interest rate cuts. Analysts suggest that while Powell may maintain a steady approach, investors are increasingly responsive to comments from potential future chairs, as these can substantially sway market expectations and pricing. This dynamic indicates a shift in focus towards future policies amid evolving inflation rates.
Source: YAHOO