Federal Reserve Governor Waller has indicated that rising energy prices due to Middle East conflicts are contributing to increased U.S. inflation. He supports removing the "accommodative stance" language from future policy statements, highlighting that the probabilities of rate cuts and hikes are now balanced. Waller mentioned that while there is a possibility of future rate hikes if inflation expectations become unanchored, he currently favors maintaining the current interest rates and monitoring data changes. Fed commentator Nick Timiraos noted that Waller's latest remarks are generally hawkish.