Federal Open Market Committee (FOMC)
Warsh declines to outline Fed’s reaction function
Chair tells Jackson Hole that ‘humble, never naïve’ approach will work and assesses US economy
Federal Reserve holds rates with three members dissenting
Hammack, Kashkari and Logan push for 25bp rise in what FOMC chair says was a collegial ‘family fight’
US inflation and monetary policy at ‘crossroads’ – Waller
Fed governor says FOMC must be ready to prevent repeat of post-Covid inflation
Rajan, King and Stein to head Warsh’s Fed task forces
Former governors among experts asked to help ‘advance the cause’ of US monetary policy
FOMC worried about inflation despite rate hold
Minutes of June meeting highlight ‘broad-based’ price rises and persistent core inflation
Supreme Court ruling does not end threats to Fed, say experts
Trump likely to continue pursuing Cook while seeking further influence over monetary policy
Lagarde ‘regrets’ forward guidance and Warsh plans ‘family fight’
Fed, ECB, BoC and BoE heads discuss inflation, uncertainty, AI, stagflation and independence in Sintra
Supreme Court sides with Cook against Trump
Justices rule that firing her would have given future presidents the right to dismiss Fed governors at will
Fed holds rates in first meeting under Kevin Warsh
FOMC drops easing bias and forward guidance, as chair announces taskforces to improve Fed operations
Jim Bullard on Kevin Warsh’s first FOMC and Fed independence
The Federal Reserve veteran speaks with Christopher Jeffery about Iran and the US economy, the ‘good' AI bubble, cutting the Fed’s balance sheet and staff, and the need to clarify swap rules and recapitalise the regional Feds
Banknotes: April to June 2026
A round-up of news and salient issues that have affected central bankers in the past three months
Yellen draws lessons from an age of extremes
Ex-chair calls on Fed to look through supply shocks, supervise pre-emptively and defend its independence
Powell makes renewed case for Fed independence
Former chair invokes presidents Kennedy and Adams in plea for institutional autonomy to be respected
Fed’s Paulson says current interest rate level ‘appropriate’
High inflation accompanied by widespread pessimism in US labour market, FOMC member notes
The challenges facing Fed chair Kevin Warsh
New chair has pledged sweeping change, but can he keep Trump – and the FOMC – onside?
US Senate advances Fed chair nomination for Warsh
Separate vote confirming appointment expected later this week
The Fed’s six-trillion-dollar balance sheet question
Kevin Warsh’s drive to shrink the US central bank’s ledger is unlikely to be a simple task
FOMC holds as Powell decides to stay on as Fed governor
Outgoing chair to remain on board, citing uncertainty over further potential criminal probes
DoJ drops Powell probe, clearing way for Warsh
U-turn comes after Thom Tillis doubled down on threat to block president’s chosen successor
Tillis holds firm over Warsh’s confirmation as Fed chair
Senator still intends to block appointment unless criminal probe into Powell is dropped
Fed holds amid uncertainty over oil shock and tariffs
Powell pledges to stay on as interim chair if Warsh’s nomination is not confirmed in Senate