[U.S. Stock Market Continues Decline in Early Trading as Traders Expect Waller Won't Ultimately Support Deep Rate Cuts] According to a report by Golden Finance, the U.S. stock market continued its decline in early trading on Friday, as traders bet that Kevin Waller, Trump's pick for the next Federal Reserve Chair, will ultimately not support deep rate cuts and will be more concerned about inflation. Although Waller had previously responded to Trump's call for rate cuts and supported Federal Reserve reforms, traders believe that due to Waller's expressed concerns about rising inflation during his tenure at the Fed, he will ultimately lean toward preventing upward pressure on prices.