According to CoinMeta, the market reacted strongly to comments by Federal Reserve Chairman Kevin Warsh, with many believing that he would adopt a moderate stance on inflation. However, Warsh's remarks suggest that if inflation remains above target, he may be forced to take action to curb the economy. Investors need to be cautious to avoid being impacted by a misunderstanding of Warsh's position. Although the market generally expects Warsh to take moderate measures, he did not celebrate the previously moderate inflation data at the press conference; instead, he chose to ignore it. Warsh's performance left many investors confused, and some analysts questioned his credibility. Long-term Treasury yields rose, the dollar fell, and gold prices increased. During the meeting, Warsh mentioned that the inflation target is to be maintained at 2% in the long term. He stated that the committee discussed monetary policy tools and strategies to achieve stable prices and hinted that the Fed's balance sheet would be utilized to tighten monetary policy. Warsh's words indicate that he may be closer to making a decision to raise interest rates than the market expects.