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New Fed Chair Warsh Launches Sweeping Shake-Up of How the Fed Works
MarketWatch·Thursday, 18 June 2026
Kevin Warsh, the new Federal Reserve chair, has set up five task forces to review the Fed's communications, inflation frameworks, and how it operates. This is his first major move since taking the chair. Warsh also rewrote the Fed's rate statement and withheld his own interest rate forecast from the Fed's published projections.
Why It Matters
The Fed is the world's most powerful central bank. How it communicates and sets policy affects interest rates, currencies, and investment flows globally.
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