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

On April 28, as the obstacles to Kevin Waller being confirmed as the next Federal Reserve Chairman 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 may place greater emphasis on AI transformation rather than on employment. Oliver noted that he might also focus more on trimmed mean inflation rather than core PCE, although this could be seen as selective. Oliver added that his stance may be slightly more accommodative than Powell's, but there will not be any fundamental differences.