Fed's Waller: It's Important to Communicate Reaction Function
Dow Jones00:37
1237 ET - Federal Reserve Governor Christopher Waller says that communicating the Fed's reaction function is important. "Be clear about what your objectives are---how are you going to respond to the data," Waller says while taking questions at a conference in Rome, Italy. "You reduce uncertainty in the markets and for households," he adds. Waller's comments follow Fed chairman Kevin Warsh's previous statement after June's meeting that markets perform best when they react to incoming data--and less efficiently when they ask how the Fed will react to that incoming information.(jessica.coacci@wsj.com)
(END) Dow Jones Newswires
July 06, 2026 12:37 ET (16:37 GMT)
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