Fed Chair Warsh confirms he was the one that did not submit a dot plot, as expected

Confirmation that the missing dot belongs to the chair clarifies the arithmetic rather than the policy signal; a withheld submission shifts how the median and the dispersion are read, and an even versus odd count of remaining submissions changes whether the median is a clean read or an interpolation between two dots. The distinction worth drawing is between a procedural absence, a form of reservation of judgement, and a deliberate dissent from the projected path, and the chair's own framing at the press conference or in subsequent remarks is what separates those readings. Episodes of this kind have tended to matter less for the immediate front-end repricing than for the interpretation of committee cohesion, since the chair declining to publish a view raises questions about how settled the centre of gravity is. The follow-ons are the minutes and any subsequent chair commentary, which typically reveal whether the omission reflected genuine uncertainty over the path or an administrative choice.