Group 1 - Federal Reserve Governor Christopher Waller advocates for an interest rate cut as early as July, arguing that action should not wait until the job market collapses [2][3] - There is a significant divide within the Federal Reserve regarding the timing of rate cuts, with some officials emphasizing the need to maintain anti-inflation measures [3][5] - Political pressure is mounting on Federal Reserve Chairman Jerome Powell, with former President Trump criticizing him and suggesting potential changes in leadership [4][5] Group 2 - Economic indicators present a complex situation: core PCE inflation has dropped to a two-year low of 2.1%, but the Fed predicts a rebound to 3.1% by year-end [5] - The unemployment rate remains low at 4.2%, yet there are signs of job reductions and an increase in long-term unemployment claims [5] - Businesses are hesitant to invest due to uncertainties surrounding tariffs, leading to a "low hiring, low firing" scenario [5]