Federal Reserve's Powell and Warsh to Meet as First-Time Sitting and Former Chairs in 80 Years
The Federal Open Market Committee (FOMC) will meet in mid-June, marking the first time in nearly 80 years that a sitting and former Fed chair will conduct business together. The meeting between outgoing Chair Jerome Powell and incoming Chair Kevin Warsh is expected to be tense but not overly antagonistic, with high stakes for policy decisions. Current economic conditions make it difficult to justify policy easing, which could challenge Warsh's agenda.
Topics: Federal Reserve FOMC Meeting Leadership Transition Monetary Policy