Anthony Willis, a senior economist at Tianli Investments, said in a report that since the US inflation level is still significantly above target, while the economy and labor market are still resilient, the pressure on Fed policymakers to tighten policy has increased. Willis said: “However, until the impact of inflation becomes more clear, policymakers may be willing to temporarily ignore the impact of the recent spike in oil prices.” Nonetheless, the broader trend is clear: under Walsh's leadership, the Federal Reserve is taking a more hawkish stance. The market currently expects the probability that the Fed will raise interest rates on Wednesday to 38%, and has fully calculated the possibility of raising interest rates in September.

Anthony Willis, a senior economist at Tianli Investments, said in a report that since the US inflation level is still significantly above target, while the economy and labor market are still resilient, the pressure on Fed policymakers to tighten policy has increased. Willis said: “However, until the impact of inflation becomes more clear, policymakers may be willing to temporarily ignore the impact of the recent spike in oil prices.” Nonetheless, the broader trend is clear: under Walsh's leadership, the Federal Reserve is taking a more hawkish stance. The market currently expects the probability that the Fed will raise interest rates on Wednesday to 38%, and has fully calculated the possibility of raising interest rates in September.