Economist: Waller's Stance May Be Slightly More Accommodative than Powell's

On April 28, as the obstacles to Kevin Waller being confirmed as the next Federal Reserve Chair seem to be diminishing, the market is reassessing what this change might bring. AMP Chief Economist Shane Oliver stated that Waller is committed to maintaining the independence of the Federal Reserve, and he may place more emphasis on AI transformation rather than employment. Oliver noted that he might also prioritize trimmed mean inflation over core PCE, although this could be seen as selective. He added that Waller’s stance might be slightly more accommodative than Powell’s, but there will not be any fundamental differences.

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