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Fed Chair Kevin Warsh Launches 15-Expert Review, Drops Guidance

8/16/2026

30 6 Full Breakdown

Summary

Story summary

Fed chair Kevin Warsh launched a 15-expert review and dropped forward guidance.
Bank of England may raise its rate to 4.25% in September as U.K. CPI fell to 2.6% in June.
U.S. inflation slipped to 3.4% in July from 3.5% in June while Brent crude rose to $90 a barrel.
Capital Economics chief economist Neil Shearing warned that an ECB hike to 2.5% in September could hurt the eurozone economy.

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Story summary

Fed chair Kevin Warsh launched a 15-expert review and dropped forward guidance.
Bank of England may raise its rate to 4.25% in September as U.K. CPI fell to 2.6% in June.
U.S. inflation slipped to 3.4% in July from 3.5% in June while Brent crude rose to $90 a barrel.
Capital Economics chief economist Neil Shearing warned that an ECB hike to 2.5% in September could hurt the eurozone economy.