[Waller Sticks to Cautious Market Guidance, May Consider September Rate Hike if Inflation Remains Strong] BlockBeats News, August 6, according to the Financial Times, even after triggering a significant sell-off in government bonds by deciding not to disclose too many details about interest rate strategies, Federal Reserve Chair Waller remains committed to his consistent, concise communication style. People close to Waller stated that he acknowledges making some mistakes during his first 10 weeks leading the world's most important central bank, including failing to reinforce his key message on price stability and creating confusion about whether his long-term plans to reform the Federal Reserve would impact near-term policy decisions. However, they insist that these mistakes are not sufficient grounds to overturn Waller's reform agenda for the Federal Reserve. Sources also revealed that if inflation data released in the coming weeks is strong and market expectations for higher borrowing costs rise accordingly, Waller is prepared to raise interest rates at the September meeting. The sources added that although the Federal Reserve Chair has floated the possibility of reducing the central bank's $6.7 trillion balance sheet as a means of tightening monetary policy, interest rates remain the primary tool and will be used at upcoming meetings if necessary.