Walsh: Hopes the market prices based on real economic conditions, rather than following the Fed's interpretation

Odaily Odaily reported on Wednesday that Federal Reserve Chairman Walsh said he hopes financial markets will price securities based on their own assessment of the economy, rather than trying to price them based on expectations of how central bank officials will interpret data. He stated: "The more the market focuses on changes in the real economy and can independently determine which data is more important and which is relatively less important, the better it can form its own pricing based on what it deems most likely to occur." He added that this could avoid a situation where "financial markets are just constantly reflecting what we have said." (Jinshi)