Good morning from the Financial Times.

Today is Thursday, June 18th.

And this is your FT News Briefing.

Huawei is in the middle of a major comeback, and US President Donald Trump says he'll unfreeze Iran's assets.

But first, the Federal Reserve is in its Kevin Warsh era.

What we've given markets is a new chapter for the central bank.

Some fresh thinking.

I'm Mark Filipino, and here's the news you need to start your day.

New Fed Chair Kevin Warsh held his first press conference yesterday.

It's an honor, a true honor to be back at the Federal Reserve, and to take up this duty at a time of such consequence.

The central bank kept interest rates steady at 3.5 to 3.75% as expected. The really big news is the changes

that are coming to the central bank. Warsh said the Fed will be reviewing the way it communicates

what it's thinking to investors and the general public. Claire Jones is our U.S. economics editor

and was at that press conference following the meeting. Hi, Claire. Hi, Mark. I want to get into the changes

that Warsh outlined in a second, but first let's talk about how he and the rest of the Fed is thinking

about inflation. The consumer price index rose by 4.2% in May. What do we know about how the Fed wants to

handle that? So coming into the meeting over the weekend, we've had this deal between the US and Iran, which has led to a sharpfall in oil prices.

And I think some people thought the Fed might sound a little bit less concerned about inflation than officials have been sounding recently.

That wasn't the case at all, both from the statement

and Warsh's remarks in the post-meeting press conference, we got the sense that they're still very

concerned. And Walsh suggested he's very, very serious about finally getting inflation back to the

Fed's 2% goal.

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