If Waller takes charge of the Federal Reserve, it may trigger internal divisions and market volatility

According to Jin10, Sonu Varghese, a global macro strategist at Carson Group, stated that if the nominee for Federal Reserve Chair is Waller, it could lead to a more hawkish Fed. Although Waller has recently talked about rate cuts, if he advocates for significant cuts, he may lack credibility in persuading other committee members, which could ultimately lead to a serious division within the committee and increase market volatility in the short term.