[Walsh Pushes for Federal Reserve to 'Speak Less,' Officials Warn of Potential Market Volatility] Federal Reserve Chairman Kevin Walsh is advocating for adjustments to the Fed's communication strategy, proposing a reduction in public hints about the future path of interest rates and considering weakening or even eliminating the quarterly interest rate dot plot. Instead, the market would be left to interpret policy direction based on economic data. However, this new policy favoring silence has sparked a wave of opposition within the Fed as soon as it was tested. Numerous policymakers have openly stated that the central bank's role in managing expectations is indispensable, and deliberate silence would not bring rationality but rather lead to frequent and severe market turbulence due to the lack of reference points. With the U.S. September CPI year-over-year rising to 3.7%, market opinions on the subsequent rate hike path remain divided, highlighting the Fed's challenge in balancing policy transparency with market-driven pricing.