Federal Reserve Chair Kevin Warsh stated on June 17, 2026, that the central bank will discontinue the practice of providing forward guidance regarding its future actions. This announcement coincided with the Federal Open Market Committee's decision to maintain current interest rates. Typically, the FOMC offers insights into the expected direction of monetary policy, but Warsh indicated that this approach will no longer be utilized under his leadership.
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Federal Reserve Chair Kevin Warsh Announces Shift Away from Forward Guidance
Federal Reserve Chair Kevin Warsh announced on June 17, 2026, that the central bank will stop providing forward guidance on its future monetary policy actions. This change accompanies the decision to keep interest rates steady.
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New chief Kevin Warsh says forward guidance dropped at Federal Reserve
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Federal Reserve Chair Kevin Warsh Announces Shift Away from Forward Guidance