Jun 8, 2026 | 1:12 PM ET
Fed Warsh Meeting Approaches, Clarity Act Faces Hurdles, Senate Races in Spotlight
The first meeting of the Federal Open Markets Committee (FOMC) under the new chair, Kevin Warsh, is fast approaching. The meeting dates are June 16/17. Last week’s strong jobs numbers likely strengthened the argument for the Fed rate-setting body to hold rates steady, though there are growing rumblings of a rate increase being in the cards for the future. However, on Sunday during his appearance on Meet the Press, President Trump argued against interest rate increases.
For the first time in almost 80 years, the FOMC will meet with both a new chair and the former chair sitting at the table. For both Powell and Warsh, it is likely to be a little awkward, as all the staff will be presenting to both their new boss and their old boss. Having been in corporate settings and reporting to the CEO, I can only imagine how challenging the setting will be. The economic data makes Warsh’s job more challenging as he faces a president who appears to remain committed to see the chair he picked lower rates.
