Fed's Waller Now Says Rate Increases Are Possible

Fed Governor Christopher Waller has stated he cannot rule out rate hikes if inflation doesn't slow, causing a shift in market expectations. The report also discusses the symbolism of new Fed Chair Kevin Warsh being sworn in at the White House. - Waller, previously a rate-cut advocate, now open to rate hikes. - Inflation expectations are rising, raising concerns. - Waller cites breakevens and Michigan numbers as indicators. - New Fed Chair Kevin Warsh to be sworn in at White House, unusual. - Treasury Secretary Scott Bessent suggests rate cuts may not happen soon. - The president wants lower rates but faces hawkish Fed.