"Federal Reserve's mouthpiece": Powell won't step down, the Fed won't cut rates, and Waller is caught in a deadlock.

Gold Finance reported that on April 30, Nick Timiraos, the Wall Street Journal’s chief economic correspondent in Washington and known as the “Fed’s mouthpiece,” published another article on the latest meeting of the Federal Reserve. He pointed out that uncertainties surrounding both the path of interest rates and the transfer of power are emerging at the same time.
On Wednesday, Federal Reserve Chair Jerome Powell said clearly at a press conference that he would not leave office immediately and would continue to serve as a governor after completing the chairmanship transition next month. The decision breaks with the past 75 years of precedent in which successive chairs left the central bank entirely when their successors took office.
At the same time, several Federal Reserve officials issued consistent signals: there will be no rate cuts in the near term. Powell’s three colleagues publicly took issue with the wording used in policy communications, opposing the continued implication that the likelihood of rate cuts is higher than rate hikes. Cleveland Fed President Hamark, Minneapolis Fed President Kashkari, and Dallas Fed President Logan made clear through this stance that, amid rising energy prices, core inflation staying at around 3%, and the tariff effects still working their way through, monetary policy is unlikely to turn toward easing.
Timiraos said that Kevin Warsh, who is set to succeed as chair, therefore faces dual constraints. On one hand, the White House wants to see rate cuts; on the other hand, a more hawkish consensus has already emerged within the Federal Open Market Committee.