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Federal Reserve Chairman Warsh: I don’t think any change in communication methods is intended to conceal the truth.

Federal Reserve Chairman Warsh: High inflation shows that communication reform is crucial.

Federal Reserve Chairman Warsh: My goal within the Federal Reserve is to eliminate political interference.

Federal Reserve Chairman Warsh: I think the Supreme Court has already answered the question about the independence of the Federal Reserve.

Federal Reserve Chairman Warsh: I understand that central banks need to intervene in the market during times of crisis.

Federal Reserve Chairman Warsh: The Federal Reserve is proud to be an independent central bank.

Federal Reserve Chairman Warsh: The balance sheet system has undergone quite significant changes.

Federal Reserve Chairman Warsh: The Fed must do its job to avoid interference from fiscal policy.

Federal Reserve Chairman Warsh: Any changes to balance sheet policy will be announced in advance.

Federal Reserve Chairman Warsh: The balance sheet is part of monetary policy.

Federal Reserve Chairman Warsh: I have assigned tasks to the working groups, asking them to return to the first principle.

Federal Reserve Chairman Warsh: The boundaries of some working groups will overlap.

Federal Reserve Chairman Warsh: We will have open discussions and are happy to share results and thoughts regularly.

Federal Reserve Chairman Warsh: The external working group will first share their findings with policymakers.

Federal Reserve Chairman Warsh: Currently, several working groups I have established are in the investigation phase.

July 14th - According to Nikkei, Nvidia is considering a partnership with Mitsubishi Heavy Industries, which is expected to provide cooling systems and energy management equipment for AI data centers. Nvidia calls its next-generation AI data centers "AI factories" and plans to build these facilities with global partners. In Japan, South Korea's SK Group is collaborating with Nvidia to build an AI factory between 2028 and 2029. Mitsubishi Heavy Industries manufactures air conditioning, high-efficiency cooling equipment, and emergency power supply equipment needed for data centers, and provides energy management systems that integrate these technologies. Furthermore, Mitsubishi Heavy Industries, which holds a leading global market share in gas turbines, will also seek to collaborate with Nvidia on power infrastructure for AI data centers. As the power consumption of AI data centers rapidly increases, markets such as the United States are increasingly using gas-fired power plants to power data centers.

Federal Reserve Chairman Warsh: We will stay true to our duties at the Federal Reserve. The more we stay true to our duties, the less we can stay away from politics.

On July 14, Ukrainian President Volodymyr Zelenskyy announced that Ukraine and France had reached several defense cooperation agreements, including licensed missile production, supply of air defense and anti-missile systems, and the purchase of Rafale fighter jets. Zelenskyy stated that under the agreements, Ukraine will obtain licenses for SCALP cruise missiles, AASM guided bombs, and joint production with Italy of the Aster 30 missile. France will also cooperate with Ukraine and other partners within the framework of the Freya anti-ballistic missile program. Zelenskyy said that Ukraine will also purchase the first batch of 16 French Rafale fighter jets and their accompanying weapons. Training for Ukrainian pilots and mechanics in France will begin this year, followed by the delivery of the first four Rafale fighter jets to the Ukrainian Armed Forces. Zelenskyy also stated that Ukraine will become the first country to receive the new enhanced version of the Franco-Italian SAMP/T NG air defense and anti-missile system. France will also provide Ukraine with two SAMP/T systems this year, and France and Italy will expedite the delivery of Aster 30 missiles before October this year.

Federal Reserve Chairman Warsh: We have the commitment, the capability, and the responsibility to fulfill the mandate assigned to us by the Committee.

Federal Reserve Chairman Warsh: I will re-examine the inflation framework to understand the causes of inflation and the measures we can take.