According to CNBC, Federal Reserve Governor Christopher Waller stated that after weak employment data in February, he was prepared to support rate cuts. However, due to deteriorating inflation outlook and rising uncertainty from the ongoing Strait of Hormuz situation, he ultimately became cautious and supported maintaining interest rates unchanged. Waller also pointed out that current policy is already restrictive and he does not believe rate hikes are necessary. He expects that if inflation declines in the second half of 2026, the labor market continues to weaken, and the macro environment stabilizes, there could still be conditions for rate cuts within the year.