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Warsh’s First Big Call: Whether to Undo Last Year’s Cuts
A steadier economy and stubborn inflation have put a rate increase in play. The new chairman, who testifies this week, hasn’t tipped his hand.
By
July 12, 2026 10:00 pm ET
At his first meeting as Federal Reserve chairman last month, Kevin Warsh presided over a unanimous decision to leave interest rates unchanged. Consensus was easy, with little appetite on the policymaking committee to move.
Holding that consensus together will be trickier in the weeks ahead.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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