Fed holds US interest rates steady as uncertainty over Trump's Iran deal remains

The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.

Gold Advances as Peace Deal Optimism Counters Hawkish Fed - Bloomberg.com

Gold Advances as Peace Deal Optimism Counters Hawkish Fed  Bloomberg.com

Warsh Makes His Case With Jargon, and a Penchant for Detail

The Federal Reserve’s new chairman held a press conference where he bantered with reporters and laid out a vision for change at the central bank.

By Sydney Ember

Five things to know about Kevin Warsh’s first Fed meeting as chair

Central bank chief says ‘new chapter’ has begun as he promised sweeping reforms

Appointed by Trump to lead the Fed, Kevin Warsh vows to reshape the institution

On Wednesday, June 17, the US central bank kept its key interest rates unchanged and mentioned a possible hike by the end of the year due to inflation driven by the conflict in the Middle East. Its new chair, who has been critical of indicators used by the institution, launched working groups to reform the Fed.

Fed holds rates steady amid red-hot inflation

It was the fourth-straight meeting in which the central bank left interest rates unchanged and the first with new Fed Chair Kevin Warsh.

By Andrew Ackerman

Federal Reserve holds interest rates steady for fourth time this year

US central bank makes decision in first meeting under new chair and Trump appointee Kevin Warsh The US Federal Reserve left interest rates unchanged for the fourth time this year after its first meeting under new chair, Kevin Warsh, a Donald Trump appointee who has taken over the central bank during a tumultuous time for the US economy. “Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East,” the Fed’s open market co...

By Gaya Gupta in Washington

3 things to know about the new Fed chief's first meeting

Kevin Warsh takes questions from reporters for the first time since taking over as Chairman of the Federal Reserve. Warsh and his colleagues are expected to hold interest rates steady today.

By Scott Horsley

US Federal Reserve holds rates steady under new chair Warsh

Heightened energy prices because of the US-Israel war with Iran has pushed US inflation to a three-year high.

Treasury 2-year yield post-Fed spike 'exaggerated' or is there room for more? Strategists weigh in

Markets pushed up short-term Treasury yields after Kevin Warsh's first Fed meeting, though strategists disagreed on whether the move signals a lasting shift toward tighter policy.

U.S. Federal Reserve leaves interest rate unchanged, but some policymakers expect hike this year

The Federal Reserve held interest rates steady on Wednesday, but policymakers ‌expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the U.S. central bank's two per cent target.

US Fed begins Warsh era with hold on interest rates, may hike later this year

The US Federal ⁠Reserve held interest rates steady on Wednesday, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the US central bank’s 2 per cent target. New quarterly projections showed nine Fed officials now anticipate a hike in rates by the end of 2026, and an updated policy statement removed language that had been used to flag the likelihood of further reductions in borrowing costs this year. Indeed, the statement, in an...

By Reuters

Did Warsh and Vance just open the door to higher inflation?

The U.S. government’s official 2% annual inflation target has suddenly been thrown into doubt by Kevin Warsh and J.D. Vance.

By Brett Arends

What smart people are saying after Fed chair Kevin Warsh's debut

New Fed chair Kevin Warsh is pushing to rethink how the central bank communicates with markets and the public. Tom Williams/CQ-Roll Call, Inc via Getty Images Kevin Warsh's debut as Fed chair was about more than interest rates. He unveiled plans to rethink how the central bank communicates and operates. Business leaders and analysts say the changes could reshape the markets' relationship with the Fed. The Federal Reserve held interest rates steady on Wednesday, but the bigger story was the ...

‘Whatever’: Trump now OK with Fed holding or raising rates as long as Powell not chair

Trump spent the first year and a half of his term bullying former chair Jerome Powell over his failure to lower interest rates fast enough

By Andrew Feinberg

Fed Holds Interest Rates Unchanged In Kevin Warsh’s First Meeting—But Higher Rates Are Expected - Forbes

Fed Holds Interest Rates Unchanged In Kevin Warsh’s First Meeting—But Higher Rates Are Expected  Forbes

Kevin Warsh, poised to usher in ‘regime change’ at the Federal Reserve

The new head of the financial institution will chair his first meeting to decide the path of interest rates. He is also expected to change the Fed’s narrative and communications

By Jesús-Sérvulo González Moreno

Bitcoin, XRP brace for Kevin Warsh's first FOMC

Rupee slips again: Currency tumbles 21 paise to 94.66 against US dollar

The Indian Rupee weakened against the US dollar on Thursday, influenced by the US Federal Reserve's hawkish stance and a strengthening dollar index. Asian currencies also saw declines, impacting the rupee. Meanwhile, positive sentiment emerged from reports of a US-Iran memorandum of understanding and progress on a US-India trade agreement.

By TOI BUSINESS DESK

Fed chief Kevin Warsh flags new task forces to study US central bank operations

These panels will look at how the Fed approaches inflation, its communications, the use of economic data, and productivity and the jobs market.

US may shift toward tighter monetary policy: financial authorities

Washington may shift toward a tighter monetary policy as the US Federal Reserve underscored its commitment to taming inflation, South Korea's financial authorities said Thursday. Finance Minister Koo Yun-cheol made the assessment alongside Bank of Korea Gov. Shin Hyun-song, Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Gov. Lee Chan-jin as they discussed the outcome of the overnight Federal Open Market Committee meeting. The US Federal Reserve on Wednesday

By The Korea Herald

Warsh kicks off Fed chief era with sweeping review as rates remain unchanged

The new chairman made an immediate imprint on the Fed by instituting a simplified policy statement stripped of any forward guidance.

US stocks fall, dollar rallies as Fed raises inflation forecast

"The Kevin Warsh Era Has Arrived With A Bang": Wall Street Reacts To Warsh's First FOMC

"The Kevin Warsh Era Has Arrived With A Bang": Wall Street Reacts To Warsh's First FOMC Below is a snapshot of several kneejerk reactions from some Wall street economists, strategists and traders: Anna Wong, head economist at Bloomberg: “The Kevin Warsh era has arrived with a bang – in the form of a dramatically shortened FOMC policy statement and a dot plot that didn’t contain any dot from the chairman himself. That marks a break from the eras of former chairs Jerome Powell, Ja...

By Tyler Durden

Fed holds rates steady as US inflation stays elevated

The U.S. Federal Reserve left its benchmark interest rate unchanged at 3.5%-3.75% on Wednesday, saying economic activity continues to expand at a solid pace despite uncertainty lin...

“Regime Change” at the Fed: Fed Chair Warsh Makes the First Moves

Everything is up for review. “There’s a taskforce for that,” he said. Dot plot, possibly the last one, turns hawkish.

By Wolf Richter

NBG Keeps Refinancing Rate Unchanged at 8.25%

The National Bank of Georgia (NBG) decided to keep the key refinancing rate unchanged at 8.25% following a June 17 meeting of its Monetary Policy Committee (MPC). The Bank said it expects inflation to average 4.9% in 2026 and gradually return to its target level over the medium term. The NBG noted that annual inflation …

By Civil.ge