
Hawkish-Leaning Committee, Reform-Minded Chair: Warsh’s First Fed Meeting
Published on June 18, 2026
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 Warsh’s first press conference, which may prove to be his most substantial.
