Kevin Warsh Takes Over as Fed Chair and Shifts Policy
New Fed Chair shifts focus to price stability and cuts guidance.
Event Overview
Kevin Warsh assumed the role of Federal Reserve Chair in May and led his first FOMC meeting on June 17, 2026. He kept benchmark interest rates unchanged at 3.5% to 3.75% while pledging a commitment to price stability to combat inflation, which rose from 2.4% to 4.2%. Warsh is also reducing the central bank's transparency by eliminating forward guidance and cutting post-meeting statements to decrease market dependency.
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