Instant Reaction: Kevin Warsh's First News Conference as Fed Chair
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 17 June 2026
⏱️ 34 minutes
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Summary
Bloomberg's Lisa Abramowicz and Scarlet Fu discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year.
“Persistently high prices are a burden for the American people, but the recent past need not be prologue,” Warsh said in his debut press conference as chairman. Officials “are unambiguous and unanimous. This committee will deliver price stability.”
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| 0:58.0 | Instant reaction and analysis from our 3,000 journalists and analysts around the world. |
| 1:04.4 | A new Fed chair in a new era, as we do parse through some of the commentary, |
| 1:10.5 | the Kevin Warsh Federal Reserve is a very |
| 1:12.2 | different Federal Reserve than the Jerome Powell of Federal Reserve. Not only are we looking at a |
| 1:16.1 | statement that was only 132 words versus the 175 words at the April FOMC meeting. We're talking |
| 1:22.4 | about a new framework, a new regime, and not giving enemy forward guidance, because guess what, there's a task |
| 1:28.8 | force for that. Right now, if you take a look at the reaction in Marcus, they're taking this |
| 1:32.8 | hawkish tilt and they are running with it. You can see across the board declines on the S&P |
| 1:38.4 | and the Russell 2000. Nasdaq now little changed as they parse through all of the reactions. |
| 1:44.6 | When you take a look at the yield space, that's where some of the fireworks are happening. |
| 1:47.9 | It is yield curve compression time in a massive, massive way. |
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