US central bank leaves rate unchanged as Warsh signals new communication approach
Federal Reserve chairman Kevin Warsh makes a point during a press conference after chairing his first meeting of the Federal Open Market Committee in Washington, DC, on June 17, 2026. (Photo: Reuters)
WASHINGTON - Federal Reserve chairman Kevin Warsh did not submit an interest-rate prediction as part of the central bank’s quarterly economic projections on Wednesday, spelling changes ahead for what has become a key guidepost for investors on monetary policy.The news came as the Fed held its benchmark interest rate unchanged, as widely expected, citing concerns about energy-led inflation over the near term.
The central bank’s latest “dot plot” projections — the anonymised rate-path views of individual policymakers — featured just 18 submissions. The full slate of Fed policymakers numbers 19.
“It’s been the practice of this committee for participants to submit these projections, and I have encouraged my colleagues to continue to do so,” Warsh said at his press conference following the meeting.
