Federal Reserve to Revamp FOMC Language, Moving Beyond Traditional Analysis

Donald Trump has appointed Kevin Warsh as the new chair of the Federal Reserve, signaling a potential shift in how the Fed communicates its policies. One of the first noticeable changes might be the language used in the Federal Open Market Committee (FOMC) meetings, steering clear of the conventional ‘dovish’ and ‘hawkish’ terminology.

When Trump criticizes Jerome Powell for having "got it wrong," he is often referring to the belief that interest rates should have been lowered more swiftly. Despite the considerable scrutiny he faces, Powell has largely adhered to the traditional approaches expected from a Fed chair.