Fed Chair Warsh Schedules Press Conference After July 29 FOMC Meeting as Communication Policy Uncertainty Rises

According to Wall Street Journal reporter Nick Timiraos and AP reporter Chris Rugaber, Federal Reserve Chair Kevin Warsh confirmed on July 22 that he will hold a press conference following the FOMC meeting on July 29 at 2:30 p.m. ET. Warsh's reduced communication policy has created uncertainty about whether press conferences will be held after every FOMC meeting, a departure from former Chair Jerome Powell's practice. Warsh previously stated that press conferences should only occur when there is something "important to say," signaling a potential shift from the current pattern of holding them after each meeting.
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