Kevin Warsh’s First Fed Meeting Signals a New Era for Interest Rate Policy
On June 17, 2026, the Federal Reserve concluded its first policy meeting under new Chair Kevin Warsh, who had been sworn in on May 22, succeeding Jerome Powell. The Federal Open Market Committee left the benchmark rate unchanged at a range of 3.50% to 3.75%, a widely expected hold, but the accompanying projections told a much more interesting story than the headline decision did.