Fed officials speak frequently to clarify policy reaction function

The signal here is about communication strategy rather than policy substance: by stressing a collective reaction function, Fed officials appear to be trying to reduce the risk of markets over-reading individual speakers. That matters most for rate-sensitive assets, including crypto and tokenized RWAs, where narrative often moves faster than data. The open question is whether this heavier cadence actually narrows dispersion in market expectations, or simply adds more voices to parse.