📈 Stocks & Economy🇮🇳 India
New Fed Chair Warsh Is Remaking the Fed — And It's Not What Markets Wanted
CNBC·Monday, 22 June 2026
Kevin Warsh, the Trump-selected Federal Reserve chairman, signalled a hawkish stance at his first meeting, holding rates steady while removing the Fed's cutting bias from its statement. The median projection among Fed members called for the federal funds rate to end 2026 at 3.8%, a quarter percentage point above the current range. Warsh himself abstained from giving a rate forecast.
Why It Matters
When the US Fed keeps rates high, it tends to pull foreign money out of emerging markets like India, putting pressure on the rupee and Indian equities.
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