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Fed Chair Warsh Sounds Hawkish As Fed
TMC Research · 2026-06-25 · via All Articles on Seeking Alpha

Summary

  • Fed stance has slipped into a dovish bias as our neutral rate estimate rises.
  • Rising inflation pushed the model’s neutral rate higher.
  • Fed funds futures are pricing in higher odds of rate hikes.
Wooden blocks with interest rate percent of bank with US dollars, financial world economy crisis design concept.

insjoy/iStock via Getty Images

By James Picerno

Fed Chair Kevin Warsh struck a hawkish tone at his debut press conference last week, but the central bank’s policy stance has turned dovish in recent days, according to TMC Research’s Fed model.

TMC Research is the research division of The Milwaukee Company, a registered investment advisor based in Thiensville, Wisconsin that provides wealth management services and manages the Brinsmere Funds ETFs.