On August 28, Federal Reserve Chair Waller stated, "Although the PCE and CPI data released this summer have exceeded expectations, they do not convince me that there has been a meaningful improvement in the underlying trend of inflation." He added, "Market prices reflect the belief that we will achieve price stability. I can assure you that the market's judgment is correct." Waller subsequently emphasized that with inflation rates above 2%, the Fed's "current primary focus should be on prices." His highly anticipated remarks come amid criticism of the Fed's streamlined communication strategy. Economists and market participants believe this strategy lacks clarity regarding the recent economic and monetary policy outlook. Waller's speech appears to address these concerns, as he elaborated more deeply than before on his views regarding the economic situation and the policy priorities of the Fed under his leadership. He stated, "Let’s also clarify another aspect of our goals: price stability will not be achieved automatically, and inflation will not necessarily return on its own. Achieving price stability is the responsibility of the Fed." It is expected that Waller will not answer questions posed by central bank officials and economists in attendance.