Megan Leonhardt

The Federal Reserve's policymaking arm will wrap up its two-day policy meeting and then deliver the latest interest rate decision and summary of economic projections at 2 p.m. Eastern on Wednesday.

There were only 18 dots included the the Fed’s so-called dot plot, which tracks officials’ individual forecasts for where the bank’s target for the federal-funds rate is going. Although the dots are anonymous, so it is unclear whether Warsh participated. Warsh has previously criticized this tool an

In Kevin Warsh’s first vote as Fed chairman, the committee voted to keep interest rates unchanged on Wednesday. The decision, which was widely expected, comes as officials seek to determine if the recent oil shock will deliver long-term consequences to the broader economy. At the conclusion of a tw

The committee's latest statement seemingly deemphasizes the importance of the Fed's mission to bring inflation back to its 2% target. In April, the policy statement noted that officials were "strongly committed" to supporting maximum employment and returning inflation to its 2% objective.Wednesda

Warsh acknowledged Wednesday that he declined to provide his projection for interest rates on the Fed's so-called dot plot. There were only 18 dots, which are anonymous, on the dot plot, which tracks officials’ individual forecasts for where the bank’s target for the federal-funds rate is going.W

The policy statement from the FOMC clocked in at just over 130 words on Wednesday, significantly shorter than the guidance issued under Chair Powell. The statement was not only shorter, but simplified.The updated language noted that economic activity is "expanding at a solid pace," but noted unce

Warsh said he met once with the Fed’s inspector general, Michael Horowitz, who is looking into Powell's handling of the renovation of the Fed’s headquarters, and that he expects the investigation will be complete by later this summer. "I don't think I'm breaking any news, but mind you, when you sho

Nine of the committee members expect to see higher interest rates by the end of the year, according to the latest summary of economic projections.

New Federal Reserve Chair Kevin Warsh plans to say little, and doesn’t care if you listen. That may be good news for investors and the Fed.

Federal healthcare cutbacks, including Medicaid funds, are expected to result in hundreds of thousands of fewer jobs.