Federal Reserve issues FOMC statement

Live updates

1. 3d ago

   Federal Reserve Maintains Interest Rates Amid Internal Dissent

   The Federal Reserve kept interest rates unchanged following its latest FOMC meeting. While the decision to hold rates was reached, internal dissent exists among the committee. Kevin Warsh suggested reducing the frequency of policy meetings to six times per year and holding two substantive economic discussions annually to better align decisions with economic data. This comes as manufacturing surveys indicate inflation concerns are now more severe than they were during the pandemic era.

   Why it matters

   The central bank is balancing inflation targets against economic growth. The 2% inflation target remains the long-term benchmark for policy decisions. Changes to meeting schedules would alter how the Fed communicates and reacts to market volatility.

   What is confirmed

   • The Federal Reserve is keeping interest rates unchanged.

   Still unconfirmed

   • A manufacturing survey shows inflation worries are worse than during the pandemic era.

   What to watch next

   • Official confirmation of changes to the FOMC meeting schedule.
   • Upcoming inflation data releases to determine future rate movement.
   Sources used for this update (6)

   1. www.investmentnews.com — Fed keeps interest rates steady despite dissenting FOMC voices
   2. www.bisnow.com — Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'
   3. consent.yahoo.com — Federal Reserve Watch for July 31: Fed Officials Explains Dissents, Would Prefer Gradual Rate Increases to Sudden Hikes
   4. www.fool.com — The Federal Reserve Just Did Something That No One's Witnessed in 56 Years -- and It Has Significant Implications for the Stock Market
   5. themortgagepoint.com — Warsh Floats Idea to Reduce Fed’s Policy Meeting Frequency, Timing
   6. cryptobriefing.com — Manufacturing survey shows inflation worries ‘worse than pandemic era,’ adding to Fed pressure
   confidence 80%
2. 3d ago

   Federal Reserve Holds Interest Rates Steady Amid Internal Dissent

   The Federal Reserve maintained current interest rates despite disagreement among FOMC members. While the official rate remains unchanged, Kevin Warsh has proposed altering the central bank's operational structure by reducing policy meetings to six per year for rate decisions and two per year for economic discussions. This proposal seeks to better align policy shifts with economic data releases. These internal tensions emerge as manufacturing surveys indicate inflation concerns are now more severe than during the pandemic era.

   Why it matters

   The FOMC must balance inflation targets against economic growth. Market participants are monitoring individual member stances to predict whether the Fed will eventually pivot toward rate cuts or further hikes.

   Still unconfirmed

   • Kevin Warsh appeared unwilling to commit to raising rates if inflation does not return to the 2% target.
   • The central bank is considering a new meeting format to align decisions with economic data releases.
   • A manufacturing survey suggests inflation worries are worse than during the pandemic.
   • Some forecasts suggest a rate cut by December 2026.

   What to watch next

   • Official FOMC minutes detailing the specific nature of the dissenting votes.
   • Formal adoption or rejection of the proposed six-meeting annual schedule.
   • Upcoming manufacturing data to verify persistent inflation trends.
   Sources used for this update (6)

   1. www.investmentnews.com — Fed keeps interest rates steady despite dissenting FOMC voices
   2. www.bisnow.com — Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'
   3. consent.yahoo.com — Federal Reserve Watch for July 31: Fed Officials Explains Dissents, Would Prefer Gradual Rate Increases to Sudden Hikes
   4. www.fool.com — The Federal Reserve Just Did Something That No One's Witnessed in 56 Years -- and It Has Significant Implications for the Stock Market
   5. themortgagepoint.com — Warsh Floats Idea to Reduce Fed’s Policy Meeting Frequency, Timing
   6. cryptobriefing.com — Manufacturing survey shows inflation worries ‘worse than pandemic era,’ adding to Fed pressure
   confidence 70%
3. 9d ago

   Federal Reserve begins second FOMC meeting under Chair Kevin Warsh

   The Federal Reserve has started a two-day FOMC meeting. Markets expect interest rates to stay the same. Investors are seeking signals regarding future rate cuts.

   Still unconfirmed:

   • Markets widely expect interest rates to remain unchanged.
   • Conforming and jumbo mortgage rates averaged 6.94%.
   • FHA mortgage rates hit 6.63%.
   • MBA applications rose 1.9% week over week.
   • Refinances rose 7% year over year.
   • A pause in fighting in the Iran war may make economic data more visible.
   Sources used for this update (3)

   1. Mortgage Rates Today, July 28, 2026: Calmer Middle East Leaves Domestic Economy in the Spotlight
   2. Kevin Warsh's Second Fed Meeting Begins; Will Policymakers Signal a Shift on Rates?
   3. Mortgage rates move closer to 7%, but housing demand holds up ahead of Fed meeting
   confidence 70%
4. 34d ago

   Fed Chair Kevin Warsh Outlines Policy Changes

   Federal Reserve Chairman Kevin Warsh has detailed plans to alter specific Fed policies. These intentions were shared during his first press conference as chairman.

   What's confirmed:

   • Kevin Warsh is the chairman of the Federal Reserve.
   • Chairman Kevin Warsh detailed plans to change certain Fed policies during his first press conference.

   Still unconfirmed:

   • The Fed is not cutting interest rates in the near future.
   • The Fed removed a key phrase from its inflation report.
   • The Fed issued a rate cut and signaled more for 2025.
   Sources used for this update (9)

   1. The Fed Removed This 1 Key Phrase From the Inflation Report. What That Means for the Market.
   2. The Fed Isn't Cutting Interest Rates Anytime Soon -- and Kevin Warsh Is Putting...
   3. New Fed Chair Kevin Warsh Says There's a Huge Problem With Financial Markets...
   4. The Strategy and the Goals - tellerwindow.newyorkfed.org
   5. Bank Audit News | Banking Risk Updates | Compliance Alliance
   6. Fed Chirp — Listening to the Federal Reserve
   7. Fed Issues First Rate Cut in 9 Months, Signals More Coming this Year
   8. Release Calendar | ALFRED | St. Louis Fed
   9. Markets Data Dashboard - Federal Reserve Bank of New York
   confidence 80%
5. 44d ago

   Fed Chair Kevin Warsh Leads First FOMC Meeting With Stable Rates

   The Federal Open Market Committee maintained the federal funds rate at 3.5% to 3.75% during its June meeting. Chair Kevin Warsh oversaw the session, which included institutional reforms to Federal Reserve practices. Inflation remains elevated.

   What's confirmed:

   • Kevin Warsh served as Chairman during the June FOMC meeting.
   • The June FOMC meeting included reforms to Fed practices.
   • Inflation remains elevated.

   Still unconfirmed:

   • A key phrase was missing from the latest FOMC statement with implications for the stock market.
   Sources used for this update (6)

   1. Fed Chair Kevin Warsh Just Subtly Threw President Donald Trump and Jerome Powell...
   2. Fed Chair Kevin Warsh Dropped a Bombshell at the FOMC Meeting -- and It's What...
   3. Federal Reserve Issues FOMC Statement for Jan 2026: Why Is BTC Price ...
   4. FOMC June Meeting Summary: Stable Rates, Sweeping Institutional Reforms
   5. Federal Reserve FOMC Statement March 2026: Interest Rates, Inflation ...
   6. June Fed Meeting: Policy Signals from the New Chairman
   confidence 90%
6. 46d ago

   Fed Holds Rates Steady at First Meeting Under Chair Kevin Warsh

   The FOMC kept the federal funds rate at 3.5% to 3.75% during its June 17 meeting. This marks the first policy session led by Chair Kevin Warsh. The announcement was described as extremely brief.

   What's confirmed:

   • The FOMC maintained the target federal funds rate at 3.5%-3.75%.
   • The June 17 policy meeting was the first under Chair Kevin Warsh.

   Still unconfirmed:

   • Inflation reached a three-year high of 4.2% due to increased energy costs.
   • The brief nature of the announcement reflects Kevin Warsh's dislike for excessive detail.
   Sources used for this update (2)

   1. US Fed FOMC Meeting LIVE Updates: All eyes on Fed Chair ... - CNBCTV18
   2. FOMC Commentary - June 17, 2026 - Robertson Stephens
   confidence 90%
7. 48d ago

   FOMC Maintains Federal Funds Rate at 3-1/2 to 3-3/4 Percent

   The Federal Open Market Committee voted 12-0 to keep the target range for the federal funds rate at 3-1/2 to 3-3/4 percent. The Committee noted that economic activity is expanding at a solid pace. This decision supports the dual mandate of the Federal Reserve.

   What's confirmed:

   • The Federal Open Market Committee maintained the target range for the federal funds rate at 3-1/2 to 3-3/4 percent.
   • The decision to maintain the rate was approved by a 12-0 vote.
   • Economic activity is expanding at a solid pace.
   • The Committee reaffirmed its policy of maintaining ample reserves in the banking system.

   Still unconfirmed:

   • The latest FOMC statement outlines a quarter-point rate cut amid concerns over the labor market and inflation.
   • Chair Jerome Powell signaled two more cuts in 2025.
   • Donald Trump attempted to remove Fed Governor Lisa Cook.
   Sources used for this update (7)

   1. Federal Reserve Board - Home
   2. Warsh’s gamble: A quieter Federal Reserve could mean volatile markets, higher rates
   3. Federal Reserve issues FOMC statement
   4. Federal Reserve issues FOMC statement
   5. Federal Reserve Issues FOMC Statement - Federal Reserve Bank of Atlanta
   6. Federal Reserve issues FOMC statement: Read full text here
   7. Federal Reserve issues FOMC statement
   confidence 90%
8. 49d ago

   Fed Holds Rates Steady at First Meeting Under Chairman Kevin Warsh

   The Federal Open Market Committee maintained the federal funds rate at 3-1/2 to 3-3/4 percent in a 12-0 vote. This first meeting chaired by Kevin Warsh saw the removal of forward guidance and changes to the rate statement. Markets reacted with volatility as more officials signaled a potential for future rate hikes.

   What's confirmed:

   • The Federal Open Market Committee voted 12-0 to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent.
   • This was the first FOMC meeting chaired by Kevin Warsh.
   • The Fed dropped forward guidance.
   • Federal Reserve officials expect inflation to remain elevated through the end of the year.

   Still unconfirmed:

   • US stocks sank due to worries about a possible interest rate hike this year.
   • Markets were rattled by Kevin Warsh's poker face.
   • Kevin Warsh is confirming some of Wall Street's fears.
   Sources used for this update (22)

   1. Chairman Warsh drastically alters Fed rate statement. Here's what's changed
   2. Fed Holds Rates Steady, But More Officials See Higher Rates as Next Move
   3. Kevin Warsh's first Fed meeting: Promises on price stability ... - Fortune
   4. Here are the five big takeaways from Kevin Warsh's first meeting as Fed chairman
   5. Federal Reserve issues FOMC statement
   6. Markets Rattled by Warsh Poker Face
   7. Warsh Rocks Bond Market in Debut, Sparks Surge in Rate-Hike Bets
   8. Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance
   9. Warsh Makes His Case With Jargon, and a Penchant for Detail
   10. Trump’s new Fed chair is confirming some of Wall Street’s ‘fears’
   11. CNBC Daily Open: Warsh's Fed debut and Iran-U.S. deal in focus
   12. Kevin Warsh showed that he’s decisively not Trump’s ‘sock puppet’—and markets didn’t like it
   confidence 95%