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【Federal Reserve Board Member Waller: Inflation Risks Mean the Fed Should No Longer Signal a Rate Cut】Golden Finance reports that on May 22, Federal Reserve Board Member Waller stated that, given the increasing inflation risks, the Fed should not consider further rate cuts as the default plan anymore. Just this January, Waller had supported a rate cut. During his speech, Waller said that with the ongoing Middle East conflict, the rising costs of oil and other commodities are increasingly likely to trigger broader and sustained inflation in the economy. He stated that, therefore, it is time for the Fed to stop signaling that the next move is most likely a rate cut again. Waller indicated that, in the foreseeable future, keeping interest rates stable in the current range of 3.5% to 3.75% is likely the right approach. He added, “If inflation cannot weaken quickly, I can no longer rule out the possibility of future rate hikes.” Waller said.