3 things to know about the new Fed chief's first meeting

On 17 June 2026, the US Federal Reserve held interest rates steady at Kevin Warsh's first meeting as Fed chair. Rates stayed at 3.5%-3.75%, but more officials see a rate hike as the next move, and projections point to one hike later this year. Treasury yields and the dollar rose, and stocks fell.

Warsh promised a new vision for the Fed, started a review of communications, skipped the rate-path 'dot' and launched five working groups. Trump had picked Warsh to cut rates and said of the decision: 'It's all right. Whatever.'