Federal Reserve Governor Christopher Waller said on Tuesday at the Bloomberg New Economy Forum summit in New Delhi that the sustained rise in long-term U.S. government bond yields is "doing some of the work" of curbing demand, even though it is not a result actively driven by the Federal Reserve. He also noted that demand growth from artificial intelligence infrastructure construction could push up inflation in the short term but is expected to boost productivity in the long run. Waller added that inflation expectations remain well-anchored for now, and threats to the Federal Reserve's independence have "not succeeded so far."