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Fed Chair Warsh Announces Regime Change, Yield Reaches 4.74%

8/11/2026

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Summary

Story summary

Fed Chair Kevin Warsh announced a “regime change,” creating five task forces on communication, data, AI and inflation, with results due year-end.
Warsh said low inflation is his priority, noting 3.5% headline inflation as the Fed kept its target rate unchanged in his first two FOMC meetings.
The 10-year Treasury yield rose to 4.74%, its highest this year, pushing mortgage and car-loan rates higher and potentially slowing growth.

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Story summary

Fed Chair Kevin Warsh announced a “regime change,” creating five task forces on communication, data, AI and inflation, with results due year-end.
Warsh said low inflation is his priority, noting 3.5% headline inflation as the Fed kept its target rate unchanged in his first two FOMC meetings.
The 10-year Treasury yield rose to 4.74%, its highest this year, pushing mortgage and car-loan rates higher and potentially slowing growth.