The two "hawks" of the Federal Reserve, who pushed for a significant interest rate hike last year to curb inflation, have hinted that they are currently happy to see interest rates remain unchanged, which reinforces expectations that the Fed's current rate hike cycle has come to an end. Christopher Waller, one of the most hawkish officials and director of the Federal Reserve, said that monetary policy is at an appropriate level and has the ability to bring inflation back to the 2% target, suggesting that policymakers may not need to raise interest rates again. Another hawkish council member, Michelle Bowman, stated that if inflation stagnates, she is still willing to support a rate hike, but has not expressed support for next month's rate hike.