> SPOT GOLD TURNS NEGATIVE, LAST DOWN 0.5% AT $4,304.19/OZ

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> *APRIL FOMC STATEMENT: ~ 350 WORDS

*JUNE FOMC STATEMENT: ~130 WORDS

FED'S CHAIR WARSH DID NOT SUBMIT A DOT ON THE SEP DOT PLOT

WELCOME TO FED WARSH'S REGIME CHANGE

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> FOMC PRESS CONFERENCE

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> WARSH: GOAL IS TO GET MONETARY POLICY RIGHT

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> WARSH: INFLATION WELL AHEAD OF 2% GOAL

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> WARSH: PERSISTENTLY HIGH PRICES A BURDEN

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> WARSH: ALSO ABSENT IS FORWARD GUIDANCE, NOT WELL-SUITED TO CURRENT POLICY STATE

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> 🇺🇸 KEVIN WARSH DELIVERS FIRST FOMC PRESS CONFERENCE AS FEDERAL RESERVE CHAIR.

"GOOD DAY."

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> FED'S WARSH SAYS HIGH PRICES REMAIN A BURDEN AS INFLATION STAYS WELL ABOVE THE FEDERAL RESERVE’S 2% GOAL

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> WARSH: POLICY STATEMENT IS SHORTER, SIMPLER, JUST THE FACTS

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> *TREASURY 2-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 4.15%
()

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> WARSH: INFLATION FRAMEWORK REVIEW TASK IS TO FOCUS ON DRIVERS OF INFLATION

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> WARSH: I SEE NO REASON TO REVISIT 2% INFLATION TARGET

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> WARSH: 'I CAN'T GIVE YOU ANY GUIDANCE ON WHAT WE'RE GOING TO DO NEXT'

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> WARSH SAYS FEDERAL RESERVE POLICY STATEMENTS WILL BE SHORTER, FACT-BASED, AND AVOID SIGNALING FUTURE RATE MOVES

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> WARSH: FED POLICY APPEARS TO BE RESTRICTIVE VIS A VIS HOUSING MARKET, BUT NOT FINANCIAL MARKETS

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> 🇺🇸 FED CHAIR KEVIN WARSH SAYS THE FEDERAL RESERVE HAS OFFICIALLY DROPPED FORWARD GUIDANCE.

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> WARSH: WE'LL FIX FIVE YEARS OF MISSES ON INFLATION

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> WARSH: SOME ECON DATA WE RECEIVE MIGHT BE AN 'ECHO OF HISTORY'

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> 🇺🇸 FEDERAL RESERVE CHAIR KEVIN WARSH SAYS FED OFFICIALS ARE "VERY OPEN ABOUT CHANGES."

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> IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS U.S. HAS COMMITTED TO CANCEL ALL TYPES OF SANCTIONS ON IRAN BASED ON A SCHEDULE THAT WILL BE DISCUSSED IN UPCOMING TALKS - SNN

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