Kevin Warsh officially took office as chairman of the Federal Reserve on May 22, facing the dual challenges of rebounding inflation and power transfer. Divisions within the FOMC have intensified, with the 8:4 vote at the April meeting creating the largest disagreement since 1992. Warsh proposed three pillars for credit restoration: real-time inflation analysis, steady balance sheet reduction, and restrained communication. The first announcement in June is expected to keep interest rates unchanged, delete the statement on the tendency to cut interest rates, and send a priority signal to fight inflation.