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Kevin Warsh used his first press conference as Federal Reserve chair to send a consistent signal to markets: across a wide range of questions from reporters on Wednesday, the new chair offered a single recurring answer — a task force is looking into it.
The posture amounts to a deliberate deferral strategy, one that analysts say gives the central bank room to hold off on any rate move until December.
A New Chair's Signature Deflection The refrain was notable for its consistency.
Whether reporters pressed on monetary policy direction, economic conditions, or institutional priorities, Warsh returned to the same holding response: the matter is under task-force review.
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