FED voting members turned out to be more hawkish than expected, emphasizing the need for rate hikes in response to inflation rebound. Waller, on the other hand, is striving to stay neutral, reducing transparency, and highlighting how he plans to implement sweeping reforms (much like Musk in his early days as CEO). The former is bearish, while the latter introduces uncertainty, causing funds to adopt a wait-and-see approach. In terms of short-term trading strategies, the bias leans . For long-term strategies, it depends on how quickly inflation drops after the war ends. Waller's lack of transparency, however, might make the market more sensitive to inflation and employment data, increasing volatility.