At his first press conference as Fed chair, Wosh announced reforms including
multiple task forces to broaden data collection and review the Fed’s statistical
indicators. He repeatedly refused to provide forward guidance and declined to
answer questions on the future path of interest rates. He did not submit a
personal rate projection to the dot plot and said he will not comment on any
market price moves during the press conference. Core message: reduce policy
signaling to markets, avoid pre-committing to a rate path, and focus on
institutional, data and communication reforms at the Fed.
