On March 20, Federal Reserve Governor Waller stated that if oil prices remain high for several months, it will eventually transmit to core inflation. Maintaining caution now does not mean remaining on hold for the remainder of the year.
Waller stated that he does not believe it is necessary to consider raising interest rates. If the employment situation remains weak, he will advocate for a rate cut again later this year, hoping to observe developments before making a decision. (Jinshi)
