Prediction: Kevin Warsh and the Federal Open Market Committee (FOMC) Will Not Raise Interest Rates in 2026
The market is currently pricing in an interest rate hike by the Fed later this year.
Overview
Inflation has now been above the Federal Reserve's 2% target for over five years. Consumers are also feeling the pinch from soaring oil prices, which have driven higher prices at the pump. Affordability remains a top issue in the country.
Kevin Warsh, the new chair of the Federal Reserve's Board of Governors, has kicked off his tenure with a hawkish tone, saying earlier this month that "prices are too high."
Details
Warsh has also vowed to make inflation "a thing of the past," adding that Fed policy makers "have no tolerance for persistently elevated inflation."
Source
Originally published at www.fool.com.
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