Warsh’s Pivot Risks Confusing the Market and the Fed

Published on June 25, 2026

Federal Reserve Chair Kevin Warsh is changing how the central bank conducts monetary policy. A fresh look is appropriate, especially given the Fed’s failure to achieve its 2% inflation objective for more than five years. But this needs to be done with greater care than Warsh has shown to date.

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Unemployment Insurance Weekly Claims Report

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In the week ending June 20, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 12,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 226,000 to 227,000. The 4-week moving average was 224,250, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 250 from 223,250 to

AI-Native Wealth Manager Arca Raises $64M

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Former Plaid executive Rron Rexha's startup has over $1 billion in client assets and plans to expand its advisor network while developing AI tools to handle administrative tasks.