BlockBeats News, June 15th - This week's interest rate meeting was the first meeting chaired by Kevin Warsh in his capacity as Federal Reserve Chair. Although the market expected no rate adjustment, Wall Street was still closely watching his communication style to assess the future policy direction.

Chief Economics Reporter of The Wall Street Journal and often referred to as the "Fed Whisperer," Nick Timiraos wrote that in the current environment, his room for maneuver on interest rates is limited. The Iran war has pushed up energy prices, keeping inflation persistently high, and internal Fed discussions have shifted from rate cuts to hikes. In this context, even if he has different inclinations, it is difficult to immediately change the policy tone.

Compared to interest rate tools, the communication mechanism is an area he is more likely to prioritize. Balance sheet reduction could take several years, while adjusting the method of information release offers a faster operational space. Timiraos concluded that for Warsh, some symbolic adjustments — such as whether to submit the "dot plot" — could be completed quickly, but truly changing the communication system and operational mode would require long-term persuasion and internal collaboration.