The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy

New Fed Chair Kevin Warsh held rates steady at his first FOMC meeting and signaled a shift toward strategic ambiguity, reducing future press conference

The new leader of the Fed left interest rates alone but made clear how he plans to rewire the central bank.

US Federal Reserve Chairman Kevin Warsh speaks during a news conference in Washington, DC, on June 17, 2026. [Photo/Agencies]