Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026 (opens original article in a new tab)

Federal Reserve chairman Kevin Warsh abstained from giving a rate forecast for 2026, while nine of 18 officials projected a rate increase. The median projection for the federal funds rate at the end of 2026 is 3.8%, and the Fed plans to review its communications practices.

• Federal Reserve chairman Kevin Warsh did not provide a rate forecast for 2026
• Nine of 18 officials projected a rate increase in 2026
• The median projection for 2026 federal funds rate is 3.8%
• Fed plans to review communications practices by year-end