Federal Reserve Governor Waller: Does not believe it is necessary to cut interest rates in March

Federal Reserve Governor Waller stated that not all tariffs will be passed on to consumers; the Federal Reserve's current policy is still restrictive, and the Federal Reserve can cut interest rates for both positive and negative reasons, still believing in good prospects for rate cuts. Waller said he does not think it is necessary to cut interest rates in March, but the Fed may do so after March; The median expectation of two rate cuts in 2025 remains reasonable.