According to The New York Times, the newly appointed Federal Reserve Chairman Kevin Warsh held his first policy press conference since taking office on Wednesday. At the meeting, Warsh demonstrated a communication style that was different from former chairman Powell's "easy to understand" approach, and instead adopted a more politicized and Jargon filled communication strategy, frequently mentioning "first principles," "alternative frameworks," and the Federal Reserve's "remit. Warsh revealed that he is the only Fed official in this "dot plot" who refused to submit a forecast for future borrowing costs, and reiterated that the core of the Fed's future lies in achieving "price stability". In response to previous market concerns that it may become a puppet in President Trump's call for interest rate cuts, Warsh indirectly responded by refusing to predict the direction of interest rates and being vague about how to reduce inflation. After the press conference, Trump's response to the Federal Reserve's decision to keep interest rates unchanged was lukewarm, but he expressed support for Warsh. https://www. (wublock123.com)/news/news-63021