The US Federal Reserve left interest rates unchanged in their first meeting under new Chairman Kevin Warsh today. The policy makers were split on whether they expect to raise rates this year, and Warsh himself declined to submit a forecast.

Warsh also held his first, highly anticipated press conference. Bloomberg’s Enda Curran was there and joins host David Gura to talk through big changes at the US Federal Reserve.

Read more: The Fed’s New Dot Plot After Its June Policy Meeting

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Enda Curran; Edited by Jeffrey Grocott.

Fact-checking by Laura Newcombe and Victor Swezey; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.