Fed’s Waller: Stock Market Swings Rarely Sway Rate Views

Waller's comment reinforces a familiar Fed reflex: equity volatility alone is not a policy input, which matters for crypto and other risk assets that often trade in sympathy with stocks. The signal is that the bar for market-driven policy pivots remains high, leaving macro data as the operative variable. Whether this stance holds if volatility broadens beyond equities is the open question.