Kevin Warsh

There will be nine rate-setting meetings in 2027, instead of the usual 10

The US central bank will maintain its benchmark interest rate within the current 3.75% to 4% range

Wall Street projects the central bank will leave rates unchanged in October and hike in December

While US inflation data has come in hot since then, officials seem in no rush to deliver another hike

He is optimistic about the impact of AI on economic growth and productivity in the medium term

This comes as Trump says Fed chair Warsh should have voted against the central bank’s rate hike

Fed projects a slow return to inflation target, but no rise in unemployment

Global government bonds have lost around 2.4% in 2026, compared with a 6.8% gain in 2025

Chair Kevin Warsh hints that he will support further rate hikes until they become restrictive