Kevin Warsh, appointed by Donald Trump to lead the Federal Reserve, pledges to reshape the institution amid inflation concernsExecutive summary: The Federal Reserve left its target federal funds rate unchanged on Wednesday and indicated a possible rate hike later in 2026, attributing inflation pressures to the Middle East conflict. Newly appointed Chair Kevin Warsh criticized current inflation measurements and outlined intentions to reform the institution. The decision marks the first major policy signal from the new Fed leadership and could affect borrowing costs, inflation expectations, and financial markets. Donald Trump (appointing Warsh), Kevin Warsh (new Fed Chair), Federal Reserve Markets will monitor upcoming Fed meetings for any rate hike announcement and for details of Warsh’s restructuring plan.The Fed kept its policy rate unchanged on Wednesday and signaled a possible rate hike later this year, citing inflation pressures from the Middle East conflict. New Chair Kevin Warsh criticized existing inflation metrics and announced plans to restructure the central bank. This shift signals a potential change in monetary policy direction under new leadership.Connected developmentsThe Fed threw investors a curve ball on Wednesday. Here’s how stocks, bonds, gold and the dollar reacted.US-Wirtschaft: US-Notenbank lässt Leitzins unverändert – Warsh überraschtKevin Warsh: Neuer Fed-Chef tastet den US-Leitzins vorerst nicht anKevin Warsh inaugura un cambio de régimen en la Reserva FederalA la Fed, premier dilemme pour Kevin Warsh : baisser les taux pour contenter Donald Trump, ou les relever pour tenter de contenir l’inflationKevin Warsh se estrenará en la Fed sin recortes de tiposOpen the full case file on Beyond →
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