WASHINGTON — Federal Reserve Chairman Kevin Warsh opened a new era of U.S. monetary policy Wednesday, with officials agreeing to leave interest rates unchanged despite inflation stuck well above their target.
Warsh also announced five task forces, a review that could reshape how the central bank makes decisions and communicates with the public.
President Donald Trump, who pressured the central bank to cut interest rates, nominated Warsh. After taking over as Fed chief last month, Warsh made an immediate imprint in organizing a unanimous consensus around a stripped-down policy statement that jettisoned forward guidance on what actions the Fed might take, though new quarterly projections showed nine of 19 policymakers anticipate a rate hike by the end of this year.
GUN RIGHTS: The U.S. Supreme Court ruled in favor of a marijuana user Thursday, limiting the application of a federal law that bars drug users from owning guns and finding that certain prosecutions under the measure intrude on the U.S. Constitution's Second Amendment right to "keep and bear arms."
GAZA: The number of Palestinians killed by Israel in Gaza reached more than 1,000 since a U.S.-brokered ceasefire in October, the enclave's health ministry said Thursday.
PARKS: The National Park Service removed at least 51 exhibits from 38 sites targeting displays that "inappropriately disparage Americans past or living," a court-ordered inventory showed in a filing Wednesday.
Precipitation insurance deadline approaches for annual forage planted in 2026-2027
Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates
Advisor News
- CT governor’s candidates claims: What’s true, and what’s misleading
- Retaining clients by giving them a memorable experience
- Addressing the longevity paradox
- Employers shift focus from retirement access to financial outcomes
- Helping widowed clients navigate their new financial reality
More Advisor NewsAnnuity News
- Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
- Symetra and TIAA Announce Launch of Mariner Re
- Jackson Launches Suite of Fixed Index Annuities Focused on Accumulation
- Farm Bureau P&C insurers post first underwriting gain since 2021
- Legacy Marketing, Malibu Life launch two fixed indexed annuities
More Annuity NewsHealth/Employee Benefits News
- Studies from Northwell Health Describe New Findings in Managed Care (The Relative Value Scale Update Committee: Understanding How Dermatologists’ Work Is Valued): Managed Care
- Hofstra University Details Findings in Managed Care (A University and Community Partnership to Address Diaper Insecurity Among Infants in Suburban Communities Through Home Visiting Services): Managed Care
- Reports Outline Managed Care Study Results from Brown University School of Public Health (Organizational Perspectives on Access to Care Among Persons With End-Stage Kidney Disease After Enrollment in Medicare Advantage): Managed Care
- Reports Summarize Managed Care Study Results from Marquette University (Nontraumatic Dental Emergency Department Visits and Follow Up Dental Care Among Wisconsin Medicaid Beneficiaries): Managed Care
- Carson Tahoe Health reaches deal with UnitedHealthcare
More Health/Employee Benefits NewsLife Insurance News