Kevin Warsh’s First Fed Rate-Decision Briefing in June Draws Market Attention

Comments from U.S. President Donald Trump, Iran’s foreign minister, and Pakistan’s prime minister indicate that Iran and the United States are close to reaching a peace agreement. According to Odaily, market attention next week will focus on interest-rate decisions by the Federal Reserve and other major central banks. Kevin Warsh has remained silent since taking the oath of office as the new chair of the Federal Reserve. The press conference following the June rate decision is expected to clarify his monetary policy stance, and markets are also watching whether he will send a clear signal on reforms to the Fed’s communication mechanism.