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Federal Reserve Chair Kevin Warsh completed his debut on June 17, with the decision to hold rates steady meeting market expectations. Dovish language was removed from the statement, and half of the officials believe that a rate hike will still be needed in 2026.

New Federal Reserve Chair Warsh made his debut last Wednesday, announcing the removal of the interest-rate roadmap forward guidance and the free put-option backstop insurance, and reclaiming operational autonomy.