Peter Schiff, a well-known economic commentator, states that Federal Reserve Chair Kevin Warsh has not utilized interest rates or the Fed’s balance sheet as tools to combat inflation. Warsh maintains a fed funds target range between 3.50% and 3.75%, while emphasizing his intolerance for high inflation. Markets are now pricing a reduced probability of rate cuts at upcoming Fed meetings from July to October 2026. This situation arises amid anticipation of potential shifts in the Federal Reserve’s monetary policy.
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