Bloomberg Surveillance · Friday, August 28, 2026
Anna Wong of Bloomberg Economics, along with the broader marketplace, desires more clarity from the Fed on how it reacts to specific economic data. Richard Clarida noted that while the committee might not offer explicit guidance, hearing the Chairman's perspective on reaction functions would be helpful, especially given that several Fed officials have expressed their views.
“Okay, you don't want to provide guidance. Fine. But give us a sense of kind of how the market should react to certain data.”
“So those reaction functions, is that something he should delve into?”
“Many of his colleagues on the committee are telling us about their reaction functions. You know, Lori Logan, Beth Hammock, Neil Kashkari, to name just three of the folks who have dissented.”