Fed Governor: Rates Steady Amid Inflation, War

Federal Reserve Governor Christopher Waller indicated that interest rates should remain unchanged due to persistent inflation. He stated that a reduction in the policy rate would only be considered with significant improvement in inflation data or a notable weakening of the labor market. Waller also commented on the geopolitical uncertainty stemming from the Iran conflict, suggesting it adds more complexity to the economic outlook than trade tariffs. His remarks suggest a cautious approach from the Fed, prioritizing price stability over immediate rate cuts.