New Delhi, June 17 -- The Federal Reserve will enter the Kevin Warsh era Wednesday, as President Trump's pick to lead the central bank oversees his first policy meeting and holds his first news conference.

Yet Warsh isn't expected to immediately usher in significant policy changes. The Fed is likely to keep its key rate unchanged Wednesday at about 3.6% for the fourth straight meeting, economists say. Fed policymakers could change their post-meeting statement so that it no longer signals the central bank's next move will be to reduce interest rates. Such a change would suggest it could keep rates unchanged for an extended period - or even raise them if inflation stays elevated.

Wednesday's highlight is likely to be the press conference ...