Analysis: Walsh's reticence makes the Fed's June meeting minutes more important.

BlockBeats news, July 5, George Gonsalves, head of U.S. macro strategy at Mitsubishi UFJ Securities Americas, said that Warsh's concise style makes the June meeting minutes more significant than usual, providing valuable perspective on the different stances among Fed officials. "The minutes will become more important because, so far, we don't know what the Fed is thinking," Gonsalves said. "Seeing how they debate and what they focus on will be very enlightening."

He added that some investors have questioned Warsh's "hands-off" approach, and many hope to restore greater transparency. Many market participants are not accustomed to reduced information, and there remains considerable skepticism about how long the Fed can maintain this. Now we can only read between the lines. (Jin Shi)