Federal Reserve Chairman Kevin Warsh joins a panel of other central bank leaders Wednesday at the ECB Forum on Central Banking in Sintra, Portugal as investors clamor for clues as to where the new central bank leader sees rates headed this year.Warsh is also embarking on an overhaul of the Fed, including its communications strategy.Along with Warsh, the group also features European Central Bank President Christine Lagarde, Bank of England Governor Andrew Bailey and Bank of Canada Governor Tiff Macklem.Aside from his post-meeting news conference two weeks ago, this will be the first time Warsh speaks publicly since being confirmed in May. The Fed has been on hold this year with interest rates as policymakers weigh the persistence of inflation against other economic factors.For its part, the ECB recent enacted a quarter percentage point interest rate hike to head off inflation. The BOE and BOC have been on hold this year as well after cutting in 2025.18 Min AgoWarsh could provide signs of Fed communication strategyFederal Reserve Chairman Kevin Warsh will have the opportunity to show more of what will motivate his policy positions when he appears Wednesday at the central bank forum in Portugal.One of the big areas of early focus for the central bank leader, who took office in May, will be the Fed's "reaction function," or what criteria it will use when making interest rate decisions. Warsh has argued that policymakers have spent too much time trying to predict the future, with a spotty record of doing so.One of five task forces Warsh has set up is expected to focus on how the Fed communicates its thinking behind policy moves."I think it's important that we, as central bankers, are transparent in communicating how we're making decisions," Cleveland Fed President Beth Hammack said Tuesday in a CNBC interview, also from the ECB forum.—Jeff Cox