Federal Reserve's Waller: I believe I have been very clear about my stance on interest rates. The divergence in monetary policy shows a healthy discussion; the debate is not a political issue but an economic argument. Dissenting opinions must be expressed cautiously. If the Federal Reserve waits another six weeks to cut interest rates, it may not be critical, but there is no real reason to delay.

Tariffs are a form of taxation, and like any tax, they will be shared by different groups. I want to focus on the impact of tariffs on inflation over the next 3 and 6 months. Some of the tariff costs will be passed on to consumers, but not in a way that leads to sustained inflation. Ongoing tariffs could have a cascading effect.

I want to ensure that we do not experience a hard landing.

I do not see long-term inflation expectations rising; there is no credibility that inflation expectations will soar. If the president were to appoint me as the chair of the Federal Reserve, I would accept, but so far, the president has not contacted me.

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