Fed Chair Kevin Warsh Provides Vague Guidance on Rate Hikes, Sparking Market Uncertainty
Federal Reserve Chair Kevin Warsh left markets uncertain about future rate hikes by omitting forward guidance in the June FOMC meeting. Investors had expected potential cuts but now price in at least one 25-basis-point increase by year-end. The Fed also announced a sweeping overhaul, including new task forces to improve communication and data practices.
Topics: Federal Reserve inflation interest rates monetary policy