Economist: Walsh's stance is slightly more dovish than Powell's.

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Golden Finance reported that on April 28, as the obstacles to Kevin Walsh being confirmed as the next chair of the Federal Reserve appeared to be receding, the market was re-examining what this change might bring. AMP Chief Economist Shane Oliver said Walsh is committed to maintaining the independence of the Federal Reserve, and he may place more emphasis on the AI transition rather than employment. Oliver said he might also prioritize tail-end mean inflation over core PCE, though this may be viewed as cherry-picking. Oliver added that his position might be slightly more dovish than Powell’s, but there would be no fundamental difference.

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