Kevin Warsh sworn in as Fed chair, as traders forecast rate hikes in 2026
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US President Donald Trump has repeatedly said he wants the Federal Reserve to lower interest rates, but investors forecast no chance of a rate cut in 2026.
Key facts
3.5% of investors forecast a 25 basis point (BPS) interest rate hike at the next FOMC meeting, scheduled for June 17, according to CME data
The probability of a 25 BPS rate hike at the July FOMC meeting surged to 17%, and about 67% of investors forecast a rate hike at the FOMC’s final meeting in December
Investors forecast no chance of an interest rate cut in 2026, and potential rate hikes at the remaining Federal Open Market Committee (FOMC) meetings, according to the Chicago Mercantile Exchange’s
US President Donald Trump has repeatedly said he wants the Federal Reserve to lower interest rates, but investors forecast no chance of a rate cut in 2026
Summary
Kevin Warsh was sworn in on Friday as the chairman of the United States Federal Reserve, but investors and traders still forecast no interest rate cuts for the rest of 2026. Speaking at the ceremony, US President Donald Trump said that Warsh will remain “independent” of the Executive Branch regarding interest rate policy, and claimed that employment numbers are at record levels. “Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, that's a good thing,” Trump said. Warsh, pictured on the left, is sworn into office by Supreme Court Justice Clarence Thomas.