Kevin Warsh May Throw President Donald Trump Under the Bus in His First FOMC Meeting as Fed Chair

Federal Reserve Chairman Kevin Warsh is fundamentally altering the central bank's communication strategy, moving away from the practices of the last 15 years. During his June 17 debut press conference, Warsh discarded forward guidance and detailed data interpretations in favor of simpler policy statements and fewer press conferences. While the Fed held the federal funds rate at 3.50% to 3.75%, markets reacted with Bitcoin sliding and the Nasdaq bouncing 1.5% as investors adjusted to this regime.