BlockBeats News, June 18th — Federal Reserve Chairman Powell said Wednesday that he hopes the financial markets can price securities based on their own assessment of the economy, rather than trying to price them based on their expectations of how central bank officials will interpret data. He stated: "The more the market is focused on real changes in the economy, the more it can judge for itself which data are more important, which are less important, the more it can form its own view of what's the most likely outcome."

He added that this can avoid a situation where "the financial markets are just reflecting back what we've said." (FXStreet)