Wash: I hope the market will price assets based on real economic conditions, rather than following interpretations from Federal Reserve

Svmuu News Federal Reserve Chairman Wash said Wednesday that he hopes financial markets will price securities based on their own assessment of the economy, rather than attempting to price them based on their expectations of how central bank officials will interpret the data.He said, “The more the markets focus on changes in the real economy, the better they can judge for themselves which data points are more important and which are relatively less important, and the better they can arrive at the pricing they deem most likely.” He added that this would help avoid a situation where “financial markets are simply constantly reflecting what we have said.” (Jin Shi)