美联储新帅沃什即将迎来首秀，市场预计基准利率将维持3.50%-3.75%

Odaily Planet Daily News The global financial markets will be closely watching Washington this week as Federal Reserve Chairman Kevin Warsh presides over his first post-nomination press conference following the rate-setting meeting. This marks not only his transition from a policy commentator to the “most powerful banker in the world,” but also a crucial window for the outside world to observe whether the Fed's monetary policy will undergo a major shift.

The market generally expects the Federal Reserve to keep the benchmark interest rate unchanged at 3.50%-3.75% during this week's meeting. Compared to the specific rate decision, the market is more focused on how Warsh will reshape the Fed's "art of communication." For a long time, former Chair Powell favored guiding market expectations through transparent "forward guidance." However, Warsh has previously expressed reservations about this approach, arguing that the Fed should not provide the market with excessive hints about interest rates.

This meeting will also release the latest quarterly Summary of Economic Projections (SEP) and the "dot plot." For Warsh, who has a strong aversion to the dot plot, this is undoubtedly an awkward starting point. He must find a balance between respecting the Fed's decision-making mechanism and articulating his own policy views. (Reuters)