New Fed Chair Warsh Faces Markets at First Policy Meeting With Rates on Hold
CBS News—Treasury yields edged lower as investors positioned cautiously ahead of Kevin Warsh's debut Federal Open Market Committee meeting — the first since he replaced Jerome Powell. A CNBC Fed survey found no Wall Street economist expects a rate change at this gathering, with most seeing Warsh prioritizing credibility-building over bold early moves. Markets are watching for any signal shift in the Fed's forward guidance or communication style under new leadership.