Bloomberg Surveillance · Tuesday, July 14, 2026
Despite Governor Waller's expressed concerns about inflation and avoiding past mistakes, his statements might be discounted by the market. The focus remains on the Fed Chair's ultimate decision-making power, especially as regional Fed communication is expected to decrease.
“I'd be betting no hike. Here, even though Governor Waller yesterday made it very clear he's very concerned about inflation and also talked about he doesn't want to repeat the mistakes of the past.”
“Walach not the chair, and I think we all need to come to this realization. The chair is the chair. Let's get back to that mentality. The chair is the chair. I think, as we've seen with these task courses, we're going to get less and less communication from regional FED presidents Fed governors. So I'm more inclined to kind of discount what Waller said yesterday.”