The Federal Reserve has undergone a significant transformation over the years. It has shifted from being a secretive agency to a more transparent institution that shares its decision-making processes and thoughts on the economy. Details about this transformation are available from KPRC 2 Houston.

The source reports on the potential implications of the Federal Reserve's changing approach, including the possibility of volatile markets and higher rates. Further information on this topic can be found through KPRC 2 Houston, including insights from the Federal Reserve's recent press conference, which was led by a key figure in his first press conference last Wednesday.