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The Economic Times
The Economic Times
National

Kevin Warsh takes Fed pulpit with immediate challenges, longer-term agenda

WASHINGTON: ​Federal Reserve Chairman Kevin Warsh will convene his first meeting as U.S. central bank chief on ​Tuesday and hold a press conference the following day, as he begins what he has promised will be an agenda of broad change at the monetary policy authority. The Fed ​is widely expected to leave interest rates unchanged at the end of the June 16-17 gathering, so investors will be parsing the language in its policy statement, updated policymaker projections and Warsh's own remarks for other signs of the central bank's direction. Warsh's agenda may take time to evolve, but based on comments and writing prior to returning to the Fed some 15 years after serving on its Board of Governors, it could be extensive. Here's a look:

THE POLICY STATEMENT

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