Kevin Warsh's first FOMC meeting as chair revealed a divided committee. The Fed unanimously held rates at 3.5-3.75%, but the dot-plot shows members split: half expect rates to stay put or fall by year-end, the other half want more hikes. Warsh called it a "family fight."
The June 17th, or 16th and 17th, Federal Open Market Committee minutes dropped yesterday at 2 PM. This was Chairman Kevin Warsh's first meeting as sitting chair. He described the debate in his post-meeting news conference as, quote, a family fight. Here's what the minutes showed. The committee voted unanimously to hold the Fed funds rate in the 3.5 to 3.75 percentage range. where it is set all of 2026. The dot plot, the individual member projections— and Warsh did not participate, by the way— narrowly tilted toward one rate hike this year, then a cut in each of the following 2 years. That is a split committee, folks. Half see rates staying here or drifting slightly lower by year-end. Half see rates going higher.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
