Economy — Editor's Picks

Warsh's Hawkish Turn at the Fed: Why Interest Rates Are Signaling Higher and Where Global Capital Is Headed

In his first meeting as Federal Reserve Chair, Kevin Warsh presided over a policy decision that was technically a hold but delivered one of the more hawkish surprises in recent cycles. On June 17, 2026, the FOMC voted unanimously to keep the federal funds rate in the 3.50–3.75% range for the fourth consecutive meeting.