Fed press conference hits record low in length, but message remains hawkish
๐ Fed Chair Kevin Warshโs post-FOMC press conference lasted only about 28โ30 minutes, the shortest since the Fed began holding regular press conferences in 2011.
๐ The shorter format did not signal a softer stance. The Fed raised rates by 25 basis points to 3.75โ4.00%, while Warsh said inflation remains too high and summer data have not shown meaningful improvement in underlying trends.
๐ก Warsh also continued to limit forward guidance, avoiding commitments on the future rate path and stressing that upcoming decisions will depend on incoming data.
๐ The September SEP still points to a median end-2026 rate consistent with one additional 25-basis-point hike, though this is not a policy commitment.
#FederalReserve $DGB
๐ Fed Chair Kevin Warshโs post-FOMC press conference lasted only about 28โ30 minutes, the shortest since the Fed began holding regular press conferences in 2011.
๐ The shorter format did not signal a softer stance. The Fed raised rates by 25 basis points to 3.75โ4.00%, while Warsh said inflation remains too high and summer data have not shown meaningful improvement in underlying trends.
๐ก Warsh also continued to limit forward guidance, avoiding commitments on the future rate path and stressing that upcoming decisions will depend on incoming data.
๐ The September SEP still points to a median end-2026 rate consistent with one additional 25-basis-point hike, though this is not a policy commitment.
#FederalReserve $DGB
