Noda views Warsh's first meeting as credible and hawkish, with a strong commitment to price stability. He sees the two-year yield spike as an overreaction from speculative longs expecting dovishness, and expects it to settle back. He advocates patience in credit markets due to tight valuations, favoring short-duration and floating-rate securities in a higher-for-longer rate environment.

Bair gives Warsh an A+ for his first press conference, praising his firm commitment to price stability and judiciousness. She argues holding rates was the right choice given supply constraints, and does not assume a rate hike later this year—it depends on inflation trends. She warns against premature cuts that would reignite inflation and hurt Trump politically, and supports Warsh's focus on supply-side factors and productivity.

Blinder is skeptical of moving to private real-time data sources, noting the Fed is not the producer of most key data and official statistics are carefully constructed. He strongly opposes a return to the inscrutable Greenspan-era Fed, advocating for clear communication and building consensus among the 19 FOMC members through inclusion and subtle statement wording.

Ball sees Warsh establishing credibility as key, leading to further yield curve flattening. He expects the market to question if there will be more than one hike. He views a more credible Fed as positive for long-run volatility, as it gets ahead of inflation rather than falling behind.

Peterson notes that businesses appreciate the Fed's commitment to price stability given persistent inflation from tariffs, oil shocks, and supply chains. She sees the Fed as unlikely to move rates this year. She highlights the challenge of communicating differently to markets (financial conditions) versus consumers (cost of bread), and suggests the Fed's inflation framework needs clearer boundaries around the 2% target and possibly less focus on the labor market.