NewsHK
At his first press conference as Federal Reserve chair on Wednesday, Kevin Warsh answered question after question from reporters with a single, recurring refrain: a task force is looking into it.
The pattern, repeated across multiple exchanges, amounts to a studied exercise in institutional ambiguity — one that hands the Fed latitude to leave rates unchanged well into December.
A New Chair's Default Setting Warsh's deployment of the task-force formulation was not incidental.
Across a range of reporters' questions, the new chair declined to signal directional intent on policy, instead pointing to working groups whose findings remain pending.
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