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Fed's Warsh Unveils Task Forces, Targets $9T Balance Sheet Cut

6/29/2026

Summary

Story summary

Kevin Warsh chaired Federal Reserve (Fed) FOMC meeting in June 2026 and said Committee will deliver price stability.
He announced five task forces covering balance-sheet size, communications, inflation frameworks, data sources and productivity.
Warsh said the Fed’s balance sheet has grown to $9 trillion from under $900 billion and will be reduced to curb inflation.
Warsh will cut guidance, forcing markets to rely on real-time data, which may boost bond demand and uncertainty.

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Story summary

Kevin Warsh chaired Federal Reserve (Fed) FOMC meeting in June 2026 and said Committee will deliver price stability.
He announced five task forces covering balance-sheet size, communications, inflation frameworks, data sources and productivity.
Warsh said the Fed’s balance sheet has grown to $9 trillion from under $900 billion and will be reduced to curb inflation.
Warsh will cut guidance, forcing markets to rely on real-time data, which may boost bond demand and uncertainty.