Fed’s Waller turns cautious on rate cuts and worries about a ’lasting increase in inflation’

Fed’s Waller turns cautious on rate cuts and worries about a ’lasting increase in inflation’

Federal Reserve Governor Chris Waller said the surge in oil prices tied to the Iran war and lingering effects from U.S. tariffs could “lead to a more lasting increase in inflation,” potentially forcing the central bank to eschew further interest-rate cuts.

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