Harriet Torry

The first Federal Open Market Committee policy statement under new Fed Chairman Kevin Warsh is notable for its brevity. The June statement clocked in at just 132 words, down from 345 words in April. The statement also flipped in order, with the policy decision coming at the top, followed by a brief

Kevin Warsh’s first meeting as chairman opens on a conciliatory tone, with warm words about what an honor it is to return to the Fed and work with old friends and new colleagues as he takes up his new duty. He says the Fed’s North Star is getting policy right.“This committee will deliver price st

Kevin Warsh told reporters that the Federal Reserve has the capability to deliver on its 2% target “and that’s what we’re going to do.” He said the committee is “unambiguously and unanimously” committed to deliver on 2% inflation. Inflation is currently elevated because of supply shocks, he noted.

Warsh opened his press conference by making some major announcements. He confirmed that he was the official who didn’t submit a projection in the so-called dot plot, which are quarterly economic projections usually completed by all the officials at the meeting. He also explained that the reason the

Although Kevin Warsh declined to give forward guidance at Wednesday’s meeting, he did acknowledge that he heard from Federal Open Market Committee members that they “have some work to do on the price-stability front.” Asked about the impact of artificial intelligence, Warsh said the new technology

Fed Chairman Kevin Warsh told reporters that some of the data the Federal Reserve and other government agencies use is dependent on “old fashioned survey methods” that look very little like the economy in 2026. The new task forces at the central bank will be looking into that, Warsh said. He noted

When asked whether Fed officials talked about a rate cut at the meeting ended Wednesday, Warsh’s answer was unambiguous: “There was one proposal on the table, there was no discussion of any other proposals.” “There was only one big subject for us,” and officials had “a big family fight about it,” a

Federal Reserve Chairman Kevin Warsh wrapped up his first press conference with some insight on the labor market. He said Fed officials broadly view labor markets as stable, although some thought they were “trending better than that.” The three-to-six-month trend, which Warsh said matters more than

Kevin Warsh’s first press conference as Fed chairman lasted about 42 minutes, slightly shorter than what his predecessors tended to average. In 2021, the Fed released research stating the average length of the press conferences under Jerome Powell, Janet Yellen and Ben Bernanke was about 54 minutes

The U.S. economy grew more quickly than earlier estimated during the first three months of the year, updated government data showed Thursday. Gross domestic product, a broad measure of the goods and services produced across the U.S., rose at a 2.1% seasonally and inflation-adjusted annual rate Janu