On July 29, Prathamesh Chief US Economist Urooj Percy said that the Federal Reserve is expected to keep interest rates unchanged at 4.25%-4.5% this week, but Waller and Bowman may object. This could fuel speculation that interest rates will fall faster once more Trump-appointed officials join the Federal Reserve Board starting in the first quarter of 2026. Dovish Waller and Bowman may argue that monetary policy is restrictive because tariff-related inflation is being offset by other factors and justify rate cuts by arguing that the neutral rate is close to 3.00%. Powell is expected to try to guide the FOMC to wait as long as possible for the next rate cut, with an October rate cut more likely than a September one. (Golden Ten) [BlockBeats]