Fed Chair Kevin Warsh likely to hold rates at first FOMC meeting

financeJun 17, 2026461,650

At his first meeting as Federal Reserve chair, Kevin Warsh led the Fed to hold the federal funds rate at 3.5% to 3.75% in a unanimous decision. The committee issued a much shorter statement, dropped forward guidance, and Warsh stressed a renewed commitment to restore price stability while saying rates could rise at future meetings. Inflation remains around 4.2%, and Fed officials signaled that rate cuts are unlikely this year, with only one member projecting a cut. That shift matters because investors, borrowers, and businesses must recalibrate expectations for borrowing costs, bond yields, and the timing of monetary easing.

Aaron Rupar

@atrupar.com

Kevin Warsh announces that the Fed is holding rates steady

54044d ago

Emily64

Trump fired his Fed Chair for refusing to lower rates only to hire a new Fed Chair who also has too much sense to lower rates. I'm not complaining, since lowering rates could be catastrophic, but it seems like Trump's gonna fire Warsh and install one of his kids.

Jay’s Art Corner25

How long do you think it’ll be before Donald calls him disloyal and an idiot and a mistake by whoever appointed him?

Captain Dunsel15

"Feels like a ketchup on the wall night."

Studio89 Designs9

>Brought in to do exactly one thing. >Doesn't do it.

Sober Tile Guy5

What is his childish nickname going to be?

BlueBird5

Inflation has been going on for 5 years... but it was going down when Biden left office, now it's grown significantly in the last 2 months.

Mithras - Left Justified and Ancient4

When there's an ocean between him and the president.

@SuzanaD34

So he's not going to lower them for trump and cause a depression 2.0

beach2024.bsky.social4

Kevin really wanted this job. I hope his mortgages are all buttoned up. Let the games begin.

good george3

Poor guy is in a tough spot. Inflation lingering, oil supply crunch still happening, insanely overinflated stock market… Good luck.

Martin Tupperware3

I hope he hasn't done any unauthorized home renovations lately.

Elliot Edelstein2

I see strings pulling on him

Curly The Yoga Cat 🇨🇦2

Huh. Imagine that. It’s like he doesn’t want to throw the country into an even worse economic mess than Trump already made it. He also must not understand how Trump is loyal to no one.

🦋Rrhae 🇺🇸 I Dissent!🫘 🇺🇦2

😂 Trump will have a throw down over this.

Trevor Wade2

I'm going to admit that I was wrong. Damn. Lol. Warsh will be getting a nasty tweet from Trump very soon.

T-Fish🇨🇦🍁2

Pedo boy won’t like his hand picked guy not doing what he was told to do.

Steve Rattner

@steverattner.bsky.social

Kevin Warsh spent 15 years warning about inflation. Now, with inflation at 4.2%, he's suddenly suggesting rate cuts. My take in @nytopinion.nytimes.com on the new Fed chair, the 1979 experience, and what's at stake for Fed independence: www.nytimes.com/2026/06/16/o...

21445d ago

David Seibert6

...but he's loyal to Trump, and that's all that matters.

NPR

@npr.org

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. n.pr/4vST4Hc

8145d ago

Andrew Lokenauth | TheFinanceNewsletter.com

@thefinancenewsletter.com

For 14 years, the Fed told markets exactly where rates were headed. That ended today. The Fed will give investors fewer clues about future interest-rate decisions. Fed Chair Kevin Warsh says the Fed has dropped forward guidance.

4544d ago

2 of 617

The Fed will no longer give PUBLIC forward guidance. This will allow it to give private forward guidance only to those who the Trump regime wants to help facilitate insider trading.

nojustdan.bsky.social8

That way people with insider information can REALLY rake it in.

BeeCard3

Only Trump and his spawn will be privy.

marcosantana2

If they don’t raise rates inflation will be 10% soon lol

robingilbert.bsky.social2

Can you explain to those of us who have little knowledge of such matters, how this announcement will affect us regular folk

nojustdan.bsky.social2

Now you have to run your businesses without any indication what money will cost to borrow. 🙄

Michael Derby

@michaelsderby.bsky.social

Former Fed economist Sahm on the Fed chair today: "I still have no idea what Kevin Warsh thinks about monetary policy. Maybe we need a task force for that! Saying you will deliver on price stability without explaining how you might do it is empty words."

I still have no idea what Kevin Warsh thinks about monetary policy. Maybe we need a task force for that!

Saying you will deliver on price stability without explaining how you might do it is empty words.

6144d ago

Leonard Pierce

@leonardpierce.bsky.social

Kevin Warsh, ain’t no way there’s a motherfucker named Kevin Warsh Who he work with, Brian Terlet and Eric Consarnit

7144d ago

Mr Fengi2

He graduated with Cradley Booper

Reuters

@reuters.com

JUST IN: The Federal Reserve holds interest rates steady in the first meeting chaired by Kevin Warsh. Follow our live updates for more ➡️ reut.rs/3QuGSNY

5044d ago

Reuters3

LIVE: Warsh's first briefing as Fed chair after rates held youtube.com/live/hAY1fPv...

TPM

@talkingpointsmemo.com

Some people who spoke with TPM aren’t confident that Trump's new Fed Chair Kevin Warsh will remain independent from the president for long.

5045d ago

Emily

@emilyyour8.bsky.social

6444d ago

Ambassador Ken Fairfax (ret)

@portlandken.bsky.social

With Kevin Warsh, Trump's hand-picked, man running the Federal Reserve, the Fed just announced that not only would there be no immediate cut in interest rates, they will likely have to rise soon. This is the mess Trump has created.

5344d ago

Colby Smith

@colbylsmith.bsky.social

NEW: At his first meeting as Fed chairman, Warsh confronts a tenuous balancing act His pledge to recast how the Fed communicates adds another complication. He'll do his best to avoid providing a steer on policy, an approach that risks stoking vol www.nytimes.com/2026/06/16/b... @nytimes.com

5046d ago

George Pearkes

@peark.es

No clear majority for a rate hike yet, but the shift is material. Only one FOMC member sees a cut this year (maybe Warsh?). Even more mix of views for next year.

Dot plot showing FOMC members' forecasted Fed Funds rates by year.

4344d ago

George Pearkes43

Good catch - there are only 18 dots. I think this is probably right.

Conor Sen15

Presumably Warsh didn't submit a dot and the cutter is Bowman.

NDR, Jones' Act Disrespecter2

you can’t see the @anadarkocapital.bsky.social dots because it’s way up at 50% for every period.

Nick Timiraos

@nicktimiraos.bsky.social

The Fed has gone from debating how many times to cut rates to debating whether it has to hike. That alone makes today's meeting more interesting than usual. The twist: it's Kevin Warsh's first as chairman—and he was picked by Trump to get lower rates. www.wsj.com/economy/cent...

3045d ago

Steve Liesman

@steveliesman.bsky.social

Check out the live blog of the Fed meeting @cnbc.com Live: Fed meeting live updates: All eyes on whether Warsh will dial back the Fed's transparency www.cnbc.com/2026/06/17/f...

2544d ago

Mohamed A. El-Erian

@elerianm.bsky.social

Today is quite a historic day at the Federal Reserve, which concludes its two-day policy meeting with the traditional duo of a committee statement and the Chair’s press conference. This is a Fed now operating under a new Chair (Kevin Warsh) while the prior Chair (Jerome Powell) remains on... 1 of 3

2545d ago

3 sources

wcvb.comWarsh to face spotlight as Federal Reserve likely to leave interest rates unchanged k4invest.comAll eyes turn to Fed chair Kevin Warsh and his first moves on interest rates zettawire.comFed Chair Kevin Warsh pledges communications overhaul in first major policy signal

Leak lists members of Peter Thiel’s 'Dialog' societyfinance Fed Chair Kevin Warsh likely to hold rates at first FOMC meetingfinance

Fed Chair Kevin Warsh likely to hold rates at first FOMC meeting

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