Federal Reserve Chairman Kevin Walsh presides over the first interest rate meeting, with market attention focused on communication strategy adjustments

This week's interest rate meeting is the first one chaired by Kevin Walsh as the Chairman of the Federal Reserve. Nick Timiraos wrote in The Wall Street Journal that the Iran war has pushed up energy prices and kept inflation at a high level, and internal discussions within the Federal Reserve have shifted from interest rate cuts to rate hikes. Kevin Walsh has limited operational space on interest rate issues, and communication mechanisms have become his priority area of focus. Some symbolic adjustments can be made quickly, but changing the communication system and operational mode requires long-term persuasion and internal collaboration.