Hawkish-Leaning Committee, Reform-Minded Chair: Warsh’s First Fed Meeting
PIMCO·2026-06-18·via All Articles on Seeking Alpha
Summary
The Federal Reserve held the policy rate steady at 3.50%–3.75% at its June meeting – an outcome that was never really in doubt.
He announced five task forces to review current practices, ask hard questions, and suggest reforms, with most expected to deliver results by the end of the year.
Notably, Warsh did not submit his own projections for the SEP, and he emphasized that the committee is not bound by today’s projections.
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The Federal Reserve held the policy rate steady at 3.50%–3.75% at its June meeting – an outcome that was never really in doubt. The more interesting signals came from the Summary of Economic Projections (SEP), the policy statement, and Chair Kevin
