We are now moving into the 3rd quarter of 2026. There was a significant change in the Federal Reserve during the quarter, with a leadership under new Chair Kevin Warsh. There was strong emphasis on a rigorous commitment to price stability as inflation expectations rise due to persistent supply uncertainties and elevated energy costs.

The Federal Reserve on 17 June 2026 held US interest rates between 3.50% and 3.75% after Kevin Warsh’s first meeting in charge of the central bank. Fed governors were split on whether to keep rates steady or increase them in a bid to tame inflation, which has been pushed up by the US-Israel war in Iran.

Website: Warsh to review how Fed works after holding US interest rates at first meeting

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