The Fed stays put as planned, Powell's debut sends a signal of comprehensive reform, plans to reshape central bank policy framework, three major indices and gold plummet.

According to the Securities Times APP, Kevin Wash, the new chairman of the Federal Reserve, chaired his first interest rate meeting on Wednesday after taking office. The Federal Reserve, as expected by the market, kept the target range of the federal funds rate at 3.5%-3.75% unchanged, marking the fourth consecutive hold. However, more than the interest rate decision itself, the market is more focused on the reform signals released by Wash at his first press conference and his clearly hawkish policy leanings.