ChainCatcher, citing Jinshi, reported that the Federal Reserve is showing a stronger hawkish tone tonight, while expectations for interest-rate increases have strengthened. The report also said that after taking office, Warsh adjusted the Fed’s external communication practices by shortening the length of statements and establishing a working group to conduct a full review of how the institution communicates with the outside world.
The reported changes focus on both policy language and communication procedures. Shorter statements alter the main text through which the public reads policy signals, while the working group’s review covers the way the Federal Reserve delivers information to the public and to markets. For the crypto sector, the Fed’s rate path remains an important macro reference for observing dollar liquidity and the pricing of risk assets.