Core Viewpoint - The likelihood of Waller being elected as the Federal Reserve Chairman next year is low, especially given his history of hawkish statements over the past decade, contrasting with the current president's preference for dovish policies [1] Summary by Relevant Categories Federal Reserve Leadership - Waller has consistently expressed strong hawkish views for the past ten years [1] - The current president is inclined towards implementing dovish policies, which may not align with Waller's approach [1]

Core Viewpoint - The Reserve Bank of New Zealand is under increasing pressure to adopt a more dovish policy stance similar to that of the Reserve Bank of Australia in the upcoming meeting [1] Group 1: Economic Indicators - Recent data indicated that first-quarter retail sales in New Zealand were stronger than expected [1] - However, the Chief Economist for Citigroup Australia and New Zealand, Josh Williamson, suggests that the strong momentum in the New Zealand economy is unlikely to be sustained [1] Group 2: Policy Recommendations - It is deemed necessary for the Reserve Bank of New Zealand to lower the official cash rate by 25 basis points in the next meeting [1] - There is an expectation for the bank to shift towards a more moderate outlook and aim for a neutral policy stance by the end of the year [1]