![\"Federal](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/07\/gettyimages-2288187167.jpg\")
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\n Kevin Warsh has been Fed chairman for less than nine weeks, as he was keen to note several times in his press conference Wednesday. In that short tenure, we\u2019ve learned that he\u2019s a reticent guy. The word counts of the Federal Open Market Committee\u2019s press releases have been slashed in half. He eschews any form of forward guidance that markets and business leaders have come to rely on under previous central bank leaders.\n <\/p>\n
\n It\u2019s an interesting approach for someone whose primary job is communicating and managing economic expectations. Critics didn\u2019t hold back.\n <\/p>\n
\n \u201cAll spin, no delivery,\u201d wrote Dario Perkins, managing director at TS Lombard. Even within the briefing room, reporters seemed perplexed by some of Warsh\u2019s statements. \u201cNo change to rates, no forward guidance for the average household. I guess, what was the news?\u201d asked NBC\u2019s Brian Cheung.\n <\/p>\n
\n Over the course of his 45-minute press conference Thursday, many viewers (including CNN reporters and editors) bristled at Warsh\u2019s penchant for catchy turns of phrase that don\u2019t quite \u2026 make sense.\n <\/p>\n
\n For example:\n <\/p>\n
\n \u201cUncertainty, however, does not mean a lack of clarity.\u201d Here, Warsh was explaining the Fed\u2019s \u201cjust the facts\u201d approach that will steer clear of forecasting \u2014 \u201ca choice we consider especially potent at these uncertain times.\u201d Respectfully, though, Chairman Warsh: Uncertainty does mean lack of clarity.\n <\/p>\n
\n \u201cThis is a period of watchful thinking, not watchful waiting.\u201d Asked about the \u201cfamily fight\u201d in which three Fed officials dissented, Warsh said the broader discussion showed agreement on the \u201chard questions\u201d but with \u201cdifferent leans on the answers. \u201cBut my own judgment is this is a period of watchful thinking, not watchful waiting.\u201d Honestly, your guess is as good as ours on this one.\n <\/p>\n
\n \u201cI wouldn\u2019t characterize what we did is anything like a pause. I would characterize what we did as a rigorous review of the economic situation.\u201d The Fed didn\u2019t lower rates or raise them. It held steady. It\u2019s taking a beat. It is, in other words, on pause.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Kevin Warsh has been Fed chairman for less than nine weeks, as he was keen to note several…\n","protected":false},"author":2,"featured_media":718457,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-718456","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/718456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=718456"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/718456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/718457"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=718456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=718456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=718456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}