Former Federal Reserve Chair Ben Bernanke famously said monetary policy is 98% talk and only 2% action. Kevin Warsh wants to shake up the mix.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting. Photographer: Bloomberg/Bloomberg
Economists moved back their expectation for interest-rate cuts and now see the Federal Reserve holding rates steady into the middle of next year, according to a Bloomberg News survey.
Economists moved back their expectation for interest-rate cuts and now see the Federal Reserve holding rates steady into the middle of next year, according to a Bloomberg News survey.
Economists moved back their expectation for interest-rate cuts and now see the Federal Reserve holding rates steady into the middle of next year, according to a Bloomberg News survey.
Economists moved back their expectation for interest-rate cuts and now see the Federal Reserve holding rates steady into the middle of next year, according to a Bloomberg News survey.
Americans’ view of the labor market grew somewhat more pessimistic in May, with the perceived prospects for job seekers hitting their lowest point this year, according to a Federal Reserve Bank of New York survey released Monday.
Americans’ view of the labor market grew somewhat more pessimistic in May, with the perceived prospects for job seekers hitting their lowest point this year, according to a Federal Reserve Bank of New York survey released Monday.
Job seekers at an internship and job fair in Boone, North Carolina.
Americans’ view of the labor market grew somewhat more pessimistic in May, with the perceived prospects for job seekers hitting their lowest point this year, according to a Federal Reserve Bank of New York survey released Monday.
Americans’ view of the labor market grew somewhat more pessimistic in May, with the perceived prospects for job seekers hitting their lowest point this year, according to a Federal Reserve Bank of New York survey released Monday.
Job seekers at an internship and job fair in Boone, North Carolina.
The US labor market is back on its feet, strong employment data showed Friday, stoking concerns of another inflation sting and bolstering arguments from some Federal Reserve officials that they may need to raise interest rates later this year.
The US labor market is back on its feet, strong employment data showed Friday, stoking concerns of another inflation sting and bolstering arguments from some Federal Reserve officials that they may need to raise interest rates later this year.
Fed Chairman Kevin Warsh shakes hands with US President Donald Trump during a swearing-in ceremony in the East Room of the White House in Washington on May 22, 2026.
Federal Reserve Bank of Cleveland President Beth Hammack said it may soon be appropriate to raise interest rates as the labor market appears to be in balance.
Federal Reserve Bank of Cleveland President Beth Hammack said it may soon be appropriate to raise interest rates as the labor market appears to be in balance.
Federal Reserve Bank of Cleveland President and CEO Beth Hammack
Federal Reserve Bank of San Francisco President Mary Daly said monetary policy is in a good place right now, but there’s too much uncertainty in the economy to offer a view on where rates are headed.
Federal Reserve Bank of San Francisco President Mary Daly said monetary policy is in a good place right now, but there’s too much uncertainty in the economy to offer a view on where rates are headed.
The Federal Reserve Bank of San Francisco. Photographer: Justin Sullivan/Getty Images
Domestic production of oil has significantly reduced the impact of energy-price shocks on US inflation and unemployment since the 1970s, according to new research from the Federal Reserve Bank of Boston.
Domestic production of oil has significantly reduced the impact of energy-price shocks on US inflation and unemployment since the 1970s, according to new research from the Federal Reserve Bank of Boston.
Employment remained stable in recent weeks as inflation continued to rise across much of the country, driven primarily by the impact of war in the Middle East on energy prices, the Federal Reserve said.
Employment remained stable in recent weeks as inflation continued to rise across much of the country, driven primarily by the impact of war in the Middle East on energy prices, the Federal Reserve said.
Shoppers on Stockton Street in the Chinatown district of San Francisco.
Federal Reserve Bank of New York President John Williams said US monetary policy is well positioned for now but he sees no obvious direction for the future path of interest rates.
Federal Reserve Bank of New York President John Williams said US monetary policy is well positioned for now but he sees no obvious direction for the future path of interest rates.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, at the Reykjavik Economic Conference in Reykjavik, Iceland, on Thursday, May 28, 2026. Central-bank governors from several advanced economies are scheduled to attend the conference. Photographer: Betty Laura Zapata/Bloomberg
Federal Reserve Bank of Philadelphia President Anna Paulson said she favored holding interest rates steady and conditioned lower borrowing costs on making sustained progress on inflation.
Federal Reserve Bank of Philadelphia President Anna Paulson said she favored holding interest rates steady and conditioned lower borrowing costs on making sustained progress on inflation.
Shoppers on Fifth Avenue in New York, US, on Thursday, May 14, 2026. US inflation accelerated in April on rising gasoline and grocery costs, exceeding wage growth in a double-whammy for already strained consumers. Photographer: Victor J. Blue/Bloomberg
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting.
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting.
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting.
Federal Reserve Bank of New York’s Roberto Perli said the central bank’s monthly Treasury bill purchases are not on a pre-determined course and can be adjusted depending on market conditions.
Federal Reserve Bank of New York’s Roberto Perli said the central bank’s monthly Treasury bill purchases are not on a pre-determined course and can be adjusted depending on market conditions.
Roberto Perli, manager of the System Open Market Account (SOMA) for the Federal Reserve Bank of New York, speaks during the National Association of Business Economics (NABE) economic policy conference in Dallas, Texas, US, on Tuesday, Oct. 10, 2023. The theme of event is Beyond the Business Cycle: Adapting to a New Global Paradigm. Photographer: Nitashia Johnson/Bloomberg
Federal Reserve Bank of New York’s Roberto Perli said the central bank’s monthly Treasury bill purchases are not on a pre-determined course and can be adjusted depending on market conditions.
Federal Reserve Bank of New York’s Roberto Perli said the central bank’s monthly Treasury bill purchases are not on a pre-determined course and can be adjusted depending on market conditions.
Roberto Perli, manager of the System Open Market Account (SOMA) for the Federal Reserve Bank of New York, speaks during the National Association of Business Economics (NABE) economic policy conference in Dallas, Texas, US, on Tuesday, Oct. 10, 2023. The theme of event is Beyond the Business Cycle: Adapting to a New Global Paradigm. Photographer: Nitashia Johnson/Bloomberg
The Federal Reserve on Friday named Jerome Powell the temporary chair of the Board of Governors until his successor Kevin Warsh is officially sworn in, the central bank said in a statement.
The Federal Reserve on Friday named Jerome Powell the temporary chair of the Board of Governors until his successor Kevin Warsh is officially sworn in, the central bank said in a statement.
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, April 29, 2026. Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.
Federal Reserve Bank of Boston President Susan Collins said interest rates should remain on hold for “some time,” arguing she is particularly concerned about elevated inflation.
Federal Reserve Bank of Boston President Susan Collins said interest rates should remain on hold for “some time,” arguing she is particularly concerned about elevated inflation.
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