Federal Reserve Governor Waller: "Urgently Withdrew" the Rate Cut Vote Due to Rising Oil Prices

CycleProphet · 2026-03-20T13:11:23+00:00

Federal Reserve Governor Waller, originally planned to support rate cuts, but due to rising unemployment, oil price increases, and inflation threats, decided to adopt a more cautious approach. He expressed concerns about future energy prices, believing they will affect the duration of inflation.

CycleProphet

2026-03-20 13:11:23

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Deep Tide TechFlow News, on March 20, CNBC interview, Federal Reserve Board Member Waller stated that due to the unexpected unemployment situation in February, he originally planned to vote in favor of interest rate cuts at this week’s central bank meeting. However, with the escalating tensions in oil supply and the ongoing threat of inflation, he realized that more cautious measures are needed until the impact of the Iran war becomes clear. Federal Reserve Board Member Waller said that when the latest employment report showed a decrease of 92,000 jobs last month, “I thought at the time, it’s over, I disagree with the Fed’s decision this week to keep rates unchanged.” But “since then, the Strait of Hormuz has been blocked. This seems to indicate that the conflict will last longer, and oil prices will remain high for a longer period. So, this suggests that inflation is a more concerning issue,” with its duration depending on the extent and duration of energy price increases. (Jin10 Data)

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