New Fed Chair Kevin Warsh launches five task forces to review the $6.7 trillion balance sheet, signaling accelerated quantitative tightening ahead.

Kevin Warsh officially assumed the role of Chairman of the Federal Reserve on May 15, 2026. On Wednesday, the Federal Open Market Committee will convene for the first time under…

Warsh ends forward guidance and shortens the Fed statement at his first meeting, signaling a shift toward data‑driven policy and potential changes ahead.

By Victor Reklaitis and Greg Robb

Fed Chairman Kevin Warsh said the five areas the task forces will work in are “central to the broad conduct of monetary policy.”

Trump pick Kevin Warsh oversaw his first meeting as chair of the Fed. Here are Business Insider's biggest takeaways.