Warsh launches his push to change how the Fed operates

Federal Reserve Chairman Kevin Warsh hosted his first press conference as head of the U.S. central bank on Wednesday, initiating a push to change how the Fed operates. While interest rates remained unchanged, the language within the Fed's policy statement evolved significantly. This updated statement was released alongside the official rate decision, marking a shift in communication style under Warsh's leadership as he begins his tenure to reform the central bank's operational procedures.