Hawkish Fed Members Fire Warning Shot Across Warsh's Bow
ING Economic and Financial Analysis·2026-04-30·via All Articles on Seeking Alpha
Summary
The Federal Reserve held rates steady with Stephen Miran again voting for a cut, but three members – while not voting for a hike – signalled a growing sense of unease on the inflation front.
This suggests a tougher two-way debate on rates at Kevin Warsh’s first FOMC meeting as Chair in June.
Both headline and core inflation have been above the 2% target for 5 years and look set to break above 4% next month on gasoline and airfares, so it is understandable why markets and Fed officials are nervous.
