["Fed's Mouthpiece": Rising Energy Prices Intensify Fed's Transition Challenges, Waller Faces a Dilemma] According to a report by Jinse Finance on March 23, "Fed's mouthpiece" Nick Timiraos stated that the surge in energy prices has made the Federal Reserve's already challenging power transition even more difficult. This process was already quite complex. Kevin Waller's appointment has been stalled due to an investigation by the Department of Justice and obstruction from Tillis. Moreover, unlike every Fed chair since Volcker, Waller has pledged to completely break away from his predecessor's policies rather than continue them. Now, the market expects an equal probability of rate hikes and cuts this year, which could place Waller in a dilemma: on one side, the president who nominated him, and on the other, the committee he is about to lead. In 2008, after an aggressive rate-cutting cycle, oil prices suddenly surged. At the time, Waller strongly pointed out that inflation risks were "the primary risk" and suggested that the Fed's next move should be a rate hike. However, Trump's expectations are precisely the opposite.