Fed Chair Warsh Uses Task Forces to Delay Rate Decision Until December

New Fed Chair Kevin Warsh, in his first press conference, repeatedly deferred rate change decisions to internal task forces, signaling no imminent policy shift. The strategy effectively pushes any rate adjustment timeline toward December, introducing prolonged uncertainty into U.S. monetary policy. USD pairs face near-term pressure as rate ambiguity typically weighs on the dollar. EUR/USD and GBP/USD may see elevated volatility as traders reprice Fed expectations, while USD/JPY could drift lower if markets interpret the delay as a dovish lean.