Kevin Warsh · Federal Reserve (FED) · Donald Trump · Crypto Briefing
Kevin Warsh chairs first Federal Reserve meeting as inflation hits 4%
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The new Fed chair faces a collision between surging consumer prices and political pressure for rate cuts, with crypto markets watching closely.
Key facts
- The May 2026 Consumer Price Index came in at 4.2% year-over-year, up from 3.8% in April
- The 17th Federal Reserve chair, sworn in on May 22, 2026, will lead the June 16-17 meeting of the Federal Open Market Committee at a moment when consumer prices are running at their hottest
- Kevin Warsh steps up to the podium for his first FOMC meeting this week with a 4.2% inflation rate staring him down and a former president publicly demanding he do the opposite of what the data
- Core inflation at 2.9% suggests the price pressures aren’t about oil
Summary
Kevin Warsh steps up to the podium for his first FOMC meeting this week with a 4.2% inflation rate staring him down and a former president publicly demanding he do the opposite of what the data suggests. The 17th Federal Reserve chair, sworn in on May 22, 2026, will lead the June 16-17 meeting of the Federal Open Market Committee at a moment when consumer prices are running at their hottest since April 2023. Core inflation at 2.9% suggests the price pressures aren’t about oil. Market expectations currently point toward rates staying on hold at this week’s meeting.