Fed’s Waller Already Acting Like Shadow Chair: RenMac’s Dutta

Renaissance Macro’s Neil Dutta argues that Fed Governor Christopher Waller is positioning himself as the de facto leader of the central bank, even pushing for interest rate cuts ahead of the official chair, Jerome Powell. Dutta suggests Waller’s influence is growing so much that he’s effectively acting as a "shadow chair"—hinting he could be the top contender for the role when Powell’s term ends.