Federal Reserve Governor Waller: Inflation risk means the Fed should no longer signal interest rate cuts. "On May 22, according to Golden Ten Data, Federal Reserve Governor Waller stated on Friday that given the increasing inflation risk, the Fed should not make further interest rate cuts its default plan. In January of this year, Waller also supported a rate cut. Waller stated in his speech that as the Middle East conflict continues, the rising costs of oil and other commodities are increasingly likely to trigger broader and sustained inflation in the economy. He said, therefore, it is time for the Federal Reserve to stop signaling that the next action is most likely to be another interest rate cut. Waller stated that in the foreseeable future, stabilizing interest rates within the current range of 3.5% to 3.75% is likely the correct approach. He added, "If inflation cannot weaken quickly, I cannot rule out the possibility of future interest rate hikes