Fed Holds Rates for 4th Meeting as Woerth Launches Reform Working Groups
Updated
Updated · Bloomberg · Jun 17
Fed Holds Rates for 4th Meeting as Woerth Launches Reform Working Groups
3 articles · Updated · Bloomberg · Jun 17
Summary
Four straight holds left the Fed’s policy rate unchanged, while Chair Woerth used his first post-meeting press conference to announce multiple working groups to overhaul the Federal Reserve.
Nine officials projected at least one 0.25-point rate increase this year, including six expecting at least two hikes, while another nine saw rates unchanged or lower.
The statement dropped language signaling an easing bias, and markets fully priced in a rate hike by October after the decision.
Woerth, who has criticized forward guidance, did not submit his own rate-path projection, underscoring a push to rethink how the Fed communicates policy.