CNBC analysis indicates that Federal Reserve Chairman Warsh clearly expressed his inclination to raise interest rates at Wednesday's press conference, while also emphasizing that the Fed has not set a fixed course and will retain policy options based on subsequent inflation data and economic conditions. Warsh stated that although overall financial conditions have tightened, he does not believe they are yet "restrictive," and reiterated the 2% inflation target, which lays the groundwork for future rate hikes if the economy remains strong. He also announced a plan to reduce the number of Federal Open Market Committee (FOMC) interest rate votes over the next two years to mitigate market overinterpretation of each meeting.