Key Points Warsh vowed to lead a reform-oriented Fed and has done away with forward-looking guidance in Federal Open Market Committee (FOMC) meeting statements. Five words, repeated three separate times by Fed Chair Warsh, signal the FOMC’s next move on interest rates. The central bank’s actions have put the artificial intelligence (AI)-driven bull market on notice. 10 stocks we like better than S&P 500 Index › On May 22, Kevin Warsh was sworn in as only the 17th Fed chair since the central bank's creation in December 1913. During his swearing-in speech, he vowed to lead a reform-oriented Fed, and he hasn't wavered on this promise. Beginning with the June Federal Open Market Committee (FOMC) meeting, Warsh did away with forward-looking guidance.
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