‘Market participants are learning to play the ball, not the referee… and we're just getting started’ – Fed Chair Warsh

(Kitco News) – After the Federal Reserve held rates unchanged as expected, Fed Chair Kevin Warsh used his second press conference to address the reemergence of dissent on monetary policy, the challenges of parsing economic shocks, and the need to adapt to life after forward guidance, while reiterating his commitment to the 2% inflation target and post-FOMC pressers – at least through 2026.Warsh’s opening remarks called for patience from the markets, businesses, and the public.