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"It's an honor, a true honor to be back at the Federal Reserve."
Kevin Warsh just made his public debut as Chair of the Federal Reserve.
"We're going to listen hard to what the experts say and make our own decision,"
"but I can't give any forward guidance about what we're going to do next."
Less than a month into the job, Warsh just oversaw his first Fed policy meeting
and, in his first news conference today, Warsh announced
he and his fellow policymakers unanimously agreed to hold rates steady.
"The committee decided to maintain the target range for the Fed funds rate"
"at three and a half to three and three-quarters percent, in support of the Fed's dual mandate."
A mandate to achieve maximum employment and stable prices.
The Federal Open Market Committee's post-meeting statement was shorter, a bit simpler,
the Fed Chair said, than we've seen in recent years.
And it was hawkish in tone, reflecting the Fed's concern with inflation.
"I am pleased to report that members of the FOMC are unambiguous and unanimous."
"This committee will deliver price stability."
The Fed Chief's words are always scrutinized, and all the more so with Warsh's comments today.
He was the leadership's pick, and the administration has been very clear about its preference for rate cuts.
But markets are looking for a rate hike, and investors are watching the Chairman