Federal Reserve Chair Warsh, in his inaugural press conference, announced significant reforms aimed at reshaping the Fed's communication strategy. Warsh emphasized the establishment of specialized working groups to enhance data collection and improve the Fed's statistical indicators. Notably, he rejected the practice of providing forward guidance and avoided discussing future interest rate paths. Warsh also refrained from submitting personal interest rate projections in the dot plot and declined to comment on market price fluctuations. His approach signals a shift towards reducing policy guidance and focusing on institutional reforms.