Analysis: Chairman Kevin Warsh’s task forces are the key to understanding the new Fed

Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, June 17, 2026. Al Drago | Bloomberg | Getty Images Chairman Kevin Warsh's 43-odd minutes at the Federal Reserve 's podium Wednesday were intended to deliver the message that, slowly but surely, he will set about making the Fed quieter, more humble in its engagement with the markets and the economy, and — ultimately — laser-focused on inflation . "I've said for years inflation is a choice," Warsh told reporters. "You bet it is." Warsh sees his confirmation as Fed chair as a mandate to deliver far-reaching change to the Fed, intended to get the Fed out of the business of allowing inflation to run too hot. At his first press conference, he gave a roadmap to how that change will come about. He also gave some hints as to where he may face the biggest risks .