FOMC Holds Rates Steady; Drops Easing Bias By Ending Forward Guidance
— SEP Shows Fed Officials See Funds Rate Rising To 3.8% By End ‘26; Back to 3.6% end ’27 – -SEP Inflation Forecast Lifted for 2026 From 2.7% to 3.6% — Warsh Didn’t Submit Funds Rate Dot; Half Want Rate Same or Lower; Half Want Rate Hike – -Warsh Committed To 2% Inflation; ‘Compatible’ With […]
TRANSCRIPT: Fed Chair Warsh Says Wants Changes, Appoints Five Task Forces, But Will Keep 2% Inflation Target
WASHINGTON (MaceNews) – The following is a rough transcript of the responses of the new Federal Reserve chair, Kevin Warsh, to reporters’ questions in his first post-Federal Open Market Committee news conference Wednesday: >> Good day. It’s an honor, a true honor to take up this duty at a time of such consequence. I’ve been […]
ABBREVIATED FOMC STATEMENT CONTAINS NO FORWARD GUIDANCE
WASHINGTON (MaceNews) – The drastically abbreviated Federal Open Market policy statement follows, containing no forward guidance, no dissents, no rate change and which drops easing bias, as expected: The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the […]