Thursday, June 18th 2026 - 14:54 UTC
Warsh acknowledged the changes to the committee’s statement. “It’s a bit shorter, a bit simpler and it dispenses with some older language,” he said.
The Federal Open Market Committee from the US Federal Reserve voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. It was the first meeting of the Fed with the newly appointed chairman, Kevin Warsh.
With expectations over Warsh taking the central bank helm, the meeting followed the same pattern as the others this year regarding rates but a much shorter policy statement from the FOMC, indicating future rate cuts.
The federal funds rate has held there since the central bank lowered rates by three-quarters of a percentage point in the latter part of 2025.
