JPMorgan predicts that Walsh may cater to Trump's interest rate cuts in the short term

Morgan Stanley Chief US Economist Michael Feroli predicted in a report that Walsh may cater to interest rate cuts in the short term, at least this year, but may return to a hawkish stance after the midterm elections. JPMorgan Chase did not adjust its interest rate cut expectations due to the nomination of Walsh, and it is expected that the Federal Reserve will maintain its policy unchanged this year. A former Federal Reserve official who once worked with Walsh believes that Walsh may demonstrate independence in his position.