According to CNBC, Federal Reserve Governor Christopher Waller stated that he was prepared to support a rate cut following weak February employment data, but ultimately turned cautious and supported maintaining rates unchanged due to deteriorating inflation outlook and rising uncertainty from continued tensions in the Strait of Hormuz. Waller also pointed out that current policy is already restrictive and does not believe rate hikes are necessary, while predicting that if inflation declines in the second half of 2026, the labor market continues to weaken, and the macro environment remains stable, conditions for rate cuts could still exist later this year.