Odaily Planet Daily reports that the Fed officials' concerns about inflation spiking due to the Iran war have intensified, with an increasing number of them indicating that the Fed should pave the way for potential rate hikes. This suggests that the incoming Fed Chair, Waller, will inherit a decision-making team that is leaning more hawkish. Additionally, most policymakers at the April meeting stated that if inflation continues to run above the 2% target, further tightening of policy may be necessary. The meeting minutes revealed: 'In response to this possibility, many participants expressed that they are more inclined to remove language suggesting a dovish bias in future rate decisions.' This document, considered to reflect the most significant divergence in generations, further unveils the shifts in the two camps as Waller steps in: one increasingly robust hawkish camp, vigilant against inflation triggered by the Iran war and opposing any discussions of rate cuts, and a diminishing dovish camp that still leans towards cuts. The primary driver pushing policymakers further towards a hawkish stance remains inflationary pressures, exacerbated by the war. The minutes show that the April meeting was the second consecutive meeting where more policymakers believed that if inflation stays above target, a rate hike may be warranted. (Jin Shi)