According to CoinMeta, Federal Reserve Chairman Kevin Warsh stated at a press conference on Wednesday that the Federal Open Market Committee (FOMC) decided to maintain interest rates unchanged with a vote of 9-3. This was the second meeting since he took office on May 22nd. Market reactions indicated that investors significantly reduced the likelihood of the Fed raising interest rates at the next meeting, while increasing the yield on long-term government bonds. The yield on 30-year Treasury bonds reached its highest level since 2007, while the yield on 2-year Treasury bonds decreased. According to CME FedWatch's data, the market's belief that the Fed will maintain interest rates unchanged at the next meeting has increased by 20 percentage points to 45%. Warsh failed to clearly communicate his conditions for raising interest rates in the face of stubborn inflation at the meeting, leading to a re-evaluation of market confidence in his short tenure.