Anna Swanson

They want to wait.

They want to really see if this is going to last.

They want to see how it all shakes out.

But they're really worried.

And what we heard from Fed Governor Chris Waller, they seem to be much more concerned about the possibility that the higher prices, higher energy prices could feed through to other areas.

And we even maybe have seen a little bit of that.

And the worry is that that

leads to something more persistent, and then it starts to affect and shape the way people perceive inflation, the direction that they think it's headed.

And that's what they pay really close attention to, because that could fuel more increasing price pressure.

So I think that they're not going to make any sudden moves.

And they may look through the shock if things start to improve quickly, but I think it will be a while before they'll feel comfortable cutting rates again, unless something

you know, weakens materially, say, with the labor market that they feel like they have to respond to sooner.

Sure.

Well, talking again about just this gathering of finance ministers this week, I think there was a definite sense of frustration among the ministers there that the U.S.

is not really engaging all that much, is not playing the leadership role that it typically would have.

And some comments to the effect of, you know, the president of Donald Trump is not really taking the impact on the rest of the world into account.

So I do think there's some frustration there.

I think that we saw Secretary Scott Besson, the Treasury Secretary, kind of attending these one-on-one meetings, but not really leading these, looking to form some kind of consensus or understanding about where this is all headed.

So I'm not sure that that's a huge change.

It's a change perhaps at the IMF and World Bank forums, but kind of fits with what we've been seeing, you know, with just frayed relations with allies and other countries around the world.