Analyst: The Fed May Not Cut Rates Before Powell Steps Down, Waller Trying to Catch Trump's Attention

Odaily News: Ryan Detrick, Chief Market Strategist at Carson Group, stated that the Federal Reserve did not cause any waves, and the market widely expected them to hit the pause button. We may not see any rate cuts until after Powell leaves the Fed in May. The potential good news is that they mentioned some positive factors regarding the labor market, but clearly inflation remains a concern. We know that Milan entered the Fed to stir things up, but Waller's choice is somewhat intriguing. His name is still on the list of potential candidates for the next chair, so I'm sure he's also trying to catch Trump's attention, showing that he remains firmly in the dovish camp. The Fed's independence is indeed a real issue, and the next chair will face immense pressure to cut rates. (Jin10)