Federal Reserve Chairman Kevin Warsh announced a new era at the Fed in his first news conference at the helm of the central bank, signaling his plan to make it quieter, with less engagement with markets and to focus squarely on tackling inflation.

New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.

Warsh ends forward guidance and shortens the Fed statement at his first meeting, signaling a shift toward data‑driven policy and potential changes ahead.

By Victor Reklaitis and Greg Robb