The Federal Reserve chose to hold interest rates unchanged at the June Federal Open Market Committee (FOMC) meeting. The past few months, which have seen both higher inflation and a relatively soft labor market, have also created a sense of deadlock and a wait-and-see attitude among the Fed. While the June vote was ultimately unanimous,…
In his first Federal Open Market Committee (FOMC) meeting as Fed Chair, Kevin Warsh held rates steady and announced the formation of five task forces to review the Fed’s operations. He also stripped forward guidance from the policy statement entirely. The FOMC voted to maintain the federal funds rate at 3.5% – 3.75%, citing solid…
Jerome Powell’s tenure as chair of the Federal Reserve concludes on May 15, bringing the eight years he has spent in the role to a close. Since the second Trump administration commenced, Powell (who was appointed to the Fed by Trump in 2018) has come under criticism from the President for, in Trump’s view, a…
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Tuesday morning, the Senate Banking, Housing, and Urban Affairs Committee held a confirmation hearing for Kevin Warsh, President Donald Trump’s nominee to succeed Jerome Powell as chair of the Federal Reserve. Warsh previously served on the Federal Reserve Board of Governors, appointed by President George W. Bush in 2006 and remaining until 2011. He has…
Less than a week ago, the United States went to war against Iran. While pundits and economists seek to assess the domestic impact, most experts have so far agreed that it is far too early to make any prediction regarding economic consequences, especially as federal officials (including president Donald Trump) offer shifting objectives and timelines.…
At the January 2026 Federal Open Market Committee (FOMC) meeting, the voting body chose to leave interest rates unchanged. The Federal Reserve’s dual mandate of price stability and maximum employment have been at crossroads the past few months; inflation has trickled up, but the labor market shows signs of softness. At the January meeting, concerns…
President Donald Trump announced Friday morning his nomination of Kevin Warsh—a former Federal Reserve governor—to serve as the next chair of the Federal Reserve, replacing Jerome Powell, who was nominated by Trump during his first term and reappointed by former President Joe Biden. “I am pleased to announce that I am nominating Kevin Warsh to…