American economist and central banker, 14th Fed chair (2006–2014)
Alan Greenspan has died at age 100 from complications of Parkinson's disease, his wife Andrea Mitchell has said. Greenspan has led the Federal Reserve from 1987 to 2006, presiding over long US growth and market rallies while later facing criticism for policies linked to the 2007–09 financial crisis.
New Fed Chair Kevin Warsh is rolling back decades of forward guidance, cutting the Fed’s post-meeting statements and removing explicit guidance on future rate moves. Analysts warn this could raise market volatility and push mortgage rates higher, while Warsh argues markets should rely on data rather than central-bank hints.
The Fed has maintained policy amid inflation that remains above the 2% goal. Markets are watching for Warsh's approach, with two potential paths emerging as data guides policy. Public appearances and congressional testimony will shape expectations for rate moves this year.
The Supreme Court has ruled that the president can remove leaders of most independent federal agencies, overturning the 1935 Humphrey’s Executor precedent, while carving out an exception for the Federal Reserve. The decisions leave Lisa Cook in place for now but open the door for presidents to exert new control over agencies such as the FTC, shifting regulatory power toward the White House.
The Federal Reserve has held rates steady under chair Kevin Warsh while signaling inflation remains above target. Markets are pricing in a potential rate hike later this year as dissents and communications style shape expectations.
Warsh has moved to reduce forward guidance and may cut meetings, aiming to give the Fed more flexibility as markets react to his new approach while inflation remains above target.
The Federal Reserve has kept the benchmark rate steady in a nine-to-three vote, amid persistent inflation above the 2% goal. Dissenters argue for earlier tightening, while others urge patience; investors await July inflation data to gauge the path for policy.
Federal Reserve Chair Kevin Warsh has told the Jackson Hole symposium that recent inflation readings have not shown that underlying trends have meaningfully improved and that short-term rates remain the Fed's primary tool. Markets have pushed up Treasury yields and raised odds of a September rate increase as officials debate whether to tighten policy.