Warsh chaired his first meeting as Federal Reserve chair and the decision was to leave interest rates unchanged, according to a report cited by ChainCatcher from Jin10. The report said the committee reached a consensus at this meeting, though that unity may become harder to preserve as inflation concerns build. Attention is now shifting to the Federal Reserve’s July 28-29 meeting, where Warsh is expected to have a chance to steer discussion around a possible rate hike. By then, policymakers will also have access to the latest inflation reading for June. The report frames that upcoming data as a key input for the next round of policy debate.
Warsh chaired his first meeting as Federal Reserve chair, and the decision was to keep interest rates unchanged, according to Jin10 as cited by ChainCatcher.
The report said the committee reached a consensus, but keeping that agreement in place may get harder as inflation concerns intensify.
Focus turns to the late-July meeting
At the Federal Reserve’s July 28-29 meeting, Warsh will have a chance to guide discussion on possible rate hikes while reviewing the latest June inflation data.
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