Warsh Makes the Fed’s Reaction Function Unpredictable Again

Kevin Warsh on Wednesday put his stamp on his first FOMC meeting by keeping his promise to cut back forward guidance from the Federal Reserve's communications. The post meeting statement has fewer words; the press conference is shorter; Warsh didn't submit his projections for the dot plot; and he refused to answer any question that required him to sound like he was offering forward guidance. Warsh Makes the Fed’s Reaction Function Unpredictable Again was first published on EconReporter on June 18, 2026