Fed Chair Kevin Warsh delivers his first semiannual monetary policy address to Congress on July 14–15, with June inflation data scheduled for release just 90 minutes before the House hearing opens.
Tag: Kevin Warsh
Posted inEconomy
Warsh and Lagarde bury forward guidance at Sintra as inflation stays too high
The heads of the Fed, ECB, Bank of England and Bank of Canada agreed at Sintra to abandon explicit rate signalling, leaving markets to trade on data rather than guidance.
Posted inEconomy
Fed holds rates and removes forward guidance in Warsh’s hawkish debut
At his first FOMC meeting on June 17, Kevin Warsh held rates at 3.5–3.75% and stripped forward guidance, with nine of 18 officials now projecting at least one rate hike in 2026.
Posted inEconomy
Warsh holds rates but nine officials signal a 2026 hike, sending stocks lower
The Fed kept the funds rate at 3.50–3.75% on June 17 in Warsh’s first FOMC meeting as chair, but a hawkish dot plot rattled markets and pushed the S&P 500 down 1.2%.
Posted inEconomy
Markets price a Fed hike for the first time as Warsh chairs his June 17 FOMC debut
For the first time in two years markets are pricing a Fed rate hike as Kevin Warsh chairs his first FOMC meeting on June 16–17, with US inflation at 4.2% and no cut bets remaining for all of 2026.
Posted inEconomy
US economy adds 115,000 jobs in April, complicating Warsh’s rate agenda
The US economy added 115,000 jobs in April and unemployment held at 4.3 percent, giving prospective Fed Chair Kevin Warsh limited room to pursue the rate cuts he has signaled.
Posted inEconomy
The Fed holds fire and hands the chair to Kevin Warsh
The Federal Open Market Committee voted 8-4 on April 29 to keep rates at 3.5–3.75 percent for a third consecutive meeting, as four dissents running in both directions exposed deep internal disagreement about the direction of the next move.