[Federal Reserve Nominee Waller Pledges to Uphold Monetary Policy Independence] According to Jintou News, the U.S. Congress will hold the first confirmation hearing for Federal Reserve Chair nominee Waller on Tuesday local time. Waller will pledge to lawmakers to maintain strict independence on interest rate decisions. In his prepared opening remarks obtained by Politico, Waller stated that interest rate decisions must remain strictly independent of political considerations, and monetary policy should not become a tool for short-term political objectives. He emphasized that the Federal Reserve's credibility stems from institutional constraints and policy discipline. Waller asserted that the central bank should listen to diverse opinions, and politicians expressing views on interest rate matters does not constitute a genuine threat. On the contrary, it is the Federal Reserve's own discipline and rigorous approach that sustain its independence. He stressed that price stability is the Federal Reserve's safeguard and pledged to take full responsibility for this, "making no excuses and avoiding any deflection.