Fed Rate Split
Fed officials disagreed sharply on rates as inflation worries cloud the outlook.
July 8, 2026 · Updated Jul 8, 5:15pm ET
CNBCFed officials were split on direction of interest rates at last meeting, minutes show
Fox BusinessFed policymakers' inflation worries weighed on rate cut outlook at Warsh's first meeting
ABC NewsFed minutes: Officials deeply divided over future path of US inflation
Washington TimesFed minutes: Officials deeply divided over future path of U.S. inflation
FortuneKevin Warsh buried an unusual, unhedged promise in his first Fed minutes—and one economist says it's the strongest signal in the document
New York PostFed Chair Kevin Warsh facing deep divisions over future path of inflation, meeting minutes show
Epoch TimesSome Fed Officials Think Higher Rates Warranted: Minutes
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Center · 3
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Right · 4
Pano rates the coverage Mostly Right.
What happened
Minutes released July 8 from Kevin Warsh
Kevin WarshChairman of the Federal Reserve since 2026’s first FOMC
Federal Open Market Committeecommittee of the United States Federal Reserve meeting on June 16-17 showed officials kept the policy rate unchanged at 3.6% but split over whether inflation would stay elevated or cool after the Iran war winds down. Nine of 18 voting members projected a rate hike before the end of 2026, while other participants saw scenarios where easing inflation could justify lower rates. Officials cited tariff and energy-price pressures as inflation risks. Warsh also won backing for policy reforms, and the June statement pledged: “The Committee will deliver price stability.”
