Waller opposes keeping interest rates unchanged, strengthening the competitiveness of the Federal Reserve Chair

According to Jinshi reports, Principal Asset Management's Global Chief Strategist, Shama Shah, stated that Federal Reserve Governor Waller's dissenting vote against the decision to keep interest rates unchanged solidifies his position in the competition for the Federal Reserve Chair.

Shah pointed out that over time, Waller's argument for the policy to be closer to a neutral stance may gain more support, especially as signs of a cooling labor market become more evident and the downward trend in inflation continues.