Deep Tide TechFlow News, April 21 — Federal Reserve Chair nominee Waller stated that if appointed and leading the Federal Reserve, he would push for comprehensive reforms in policy making. Waller told the Senate committee, "In my view, the Federal Reserve needs to undergo fundamental policy reforms. The mistakes made in addressing inflation during the COVID-19 pandemic call for such reforms, which I believe means a shift in how policies are implemented. I think this requires a different, entirely new inflation framework." Waller said we need new tools and new ways of communication, mentioning forward guidance, economic forecasts, and dot plots. He said the Federal Reserve should wait until the meeting to issue statements because forecasts could hinder decision-making. (Jin10)