Fed Chair Kevin Warsh likely to hold rates at first FOMC meeting
financeJun 17, 202616404
At its two-day meeting today, the Federal Reserve under new Chair Kevin Warsh is expected to keep the target federal funds rate at 3.50% to 3.75%, marking Warsh's first FOMC decision. Warsh has pledged to recast Fed communications, and officials are widely expected to remove the easing bias and scale back forward guidance so the committee gives fewer explicit signals about future cuts. That communication shift matters because it could raise volatility in bonds, stocks, and the dollar and leave households and businesses with less clarity about when borrowing costs might fall amid persistent inflation.
