New Federal Reserve Chairman Kevin Warsh will hold his first substantive press conference about inflation, unemployment and the economic outlook.

The May inflation print reaccelerated to 4.2% year over year, the hottest reading since April 2023, largely driven by energy prices.

Kevin Warsh, the new Federal Reserve chairman, wants the central bank to communicate less publicly, believing it has buried itself in its own communication and that forecasters often fixate on these projections to the detriment of broader market understanding.

Kevin Warsh, in his new role as Federal Reserve chairman, plans to reduce the central bank’s public communications, arguing that constant explanations and forecasts have become counterproductive.

New Federal Reserve Chairman Kevin Warsh will make his first substantive comments on inflation, unemployment, and the economic outlook at a press conference on Wednesday.

New Federal Reserve Chairman Kevin Warsh will hold his first press conference on Wednesday to discuss inflation, unemployment, and the economic outlook.