Warsh Era Begins: Fed Holds Rates and Goes Data-Driven
TL;DR Summary
The Federal Reserve, under new chair Kevin Warsh, kept the federal funds rate at 3.5%–3.75% and signaled a cautious, data-driven approach, moving away from forward guidance while forming task forces to modernize data use and communications. Dissent surfaced on the decision, and markets watched as the central bank emphasized price stability amid resilient investment and ongoing geopolitical shocks that keep inflation above target.
- Fed meeting updates: The FOMC's interest rate decision is the closest call in months Business Insider
- Fed divided over decision to keep rates on hold Politico
- Dissents Show Fed Is ‘Running Out of Patience’ With Inflation, Says Goldman Sachs WSJ
- Treasury Yields Steady After Fed Decision WSJ
- Fed likely to keep rates on hold, but Warsh to face some strong dissension: Live updates CNBC
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