Gustav Helgsson, a macro strategist at Sweden's Nordic Bank, said in a research report that the new chairman of the Federal Reserve Kevin Walsh has long questioned the Fed's market-facing communication strategy and information transparency, and plans to make adjustments to the existing mechanism. The macro strategist said, “Walsh no longer advocates that the Federal Reserve guides the market, but instead hopes to rely on market expectations to deliver information as a basis for the Fed's policy actions.” The strategist mentioned that if Walsh implements this idea, at a time when the geopolitical situation is full of uncertainty, the market operation logic will usher in a major shift. Helgeson said, “It is particularly worth paying attention to how many policy guidance signals will be chosen by Walsh in the future.”

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