In Warsh's first Fed meeting, a unanimous hold hides a split committee and a debated rate cut, DiMartino Booth says

The Federal Reserve left interest rates unchanged in Kevin Warsh's first meeting as chair, but its projections showed a sharply divided committee over whether to raise rates later this year. Policymakers also debated a rate cut before ultimately deciding to hold, signaling a highly uncertain policy path and keeping rate expectations volatile.

Analysis

The Federal Reserve left interest rates unchanged in Kevin Warsh's first meeting as chair, but its projections showed a sharply divided committee over whether to raise rates later this year. Policymakers also debated a rate cut before ultimately deciding to hold, signaling a highly uncertain policy path and keeping rate expectations volatile.