Analyst: Waller's first interest rate decision faces a major credibility test

```htmlGolden Ten Data reported on June 18 that analyst Marte stated this week's meeting is the first major credibility test faced by Walsh since becoming Chairman of the Federal Reserve, with investors, policymakers, and the public watching to see whether he will defend the central bank's political independence. Although Trump has expressed hope that Walsh will remain independent when setting interest rates, he continues to hint that he would like to see borrowing costs lowered. However, some investors say that if Walsh fails to deliver a strong signal on the issue of inflation, he may risk losing control of the bond market. In April, consumer prices rose 4.2% year-on-year, the fastest pace in more than three years. If the new Federal Reserve Chairman gives the impression of trying to change the Fed's 2% inflation target threshold, this could push yields higher—which would further dampen the economy, contrary to Trump's expectations. A peace agreement between the US and Iran could ease some pressure on fuel prices, but it may take time to pass through to the consumer level.```