Potential candidate for Federal Reserve Chairman: The Fed blames external factors for inflation concerns, which is actually damaging its credibility

According to a report by Golden Finance, Kevin Walsh, who is considered a potential candidate for the position of Federal Reserve Chairman next year, stated that the Fed's concerns about "tariff increases that may hinder inflation control" are self damaging. Walsh said, "When the Federal Reserve asserts that inflation will be affected by external changes in price levels, they are to some extent acknowledging something that is detrimental to their own interests. They are acknowledging that their credibility has been damaged." Walsh also pointed out that the large and often expanding Federal Reserve balance sheet may contradict the main policy leverage that sets short-term lending rates, but "if the printing press can quiet down, we can lower policy rates.