Analysis: Waller will not be influenced by the White House and will maintain a certain balance on the Fed’s dual mandate

According to Odaily, Peter Cardillo, Chief Market Strategist at Spartan Capital Securities, stated, "I don't want to say that Walsh being nominated as the new Fed Chair is a complete surprise. He has always been considered hawkish, but recently he seems to have aligned more with Trump's stance, so it's a bit difficult to assess how the market will receive this nomination. We just need to observe whether he will be influenced by the White House. My guess is that he won't; he will examine issues very cautiously and maintain a certain balance between inflation and the labor market. He may not be as resolute as Powell, but the difference won't be too great." (Golden Ten Data)