Bank of America doubts Fed Chair Warsh’s credibility after rate-hold decision

Bank of America doubts Fed Chair Warsh’s credibility after rate-hold decision

Bank of America said on August 3 that Fed Chair Kevin Warsh’s recent dovish comments have heightened investors’ inflation concerns, sparked market volatility and cast doubt on his leadership. The criticism came after the Federal Open Market Committee left its benchmark interest rate unchanged at its July 29 meeting, despite core inflation remaining above target. Analysts had expected the hold, noting mixed inflation data and rising oil prices, while Warsh faced growing pressure from Fed officials and market observers to raise rates.

On the same day, the 30-year Treasury yield rose to its highest level since 2007 and the S&P 500 fell 1. 5 %, after which three Fed officials who voted against the hold called for immediate hikes. President Trump also continued to urge the Fed to cut rates ahead of the midterm elections.

Acteurs

Federal Reserve Kevin Warsh Dean Lyulkin Lisa Cook Christopher Waller Kevin Hassett

Lieux

Washington, DC, United States White House, Washington, DC, United States

Articles

3 août 2026
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Bank of America warns Trump’s Fed Chair is losing credibility
Bank of America warns Trump’s Fed Chair is losing credibility

AlterNet • 03 août 14h51

Bank of America said Fed Chair Kevin Warsh's recent dovish comments have raised inflation concerns among investors, prompting market volatility and doubts about his leadership.

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1 août 2026
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Trump has been losing his battle to cut interest rates
Trump has been losing his battle to cut interest rates

AP News • 01 août 04h00

President Trump continues to urge the Federal Reserve to cut interest rates, but Treasury yields have risen to their highest levels in nearly two decades, complicating the administration's economic messaging ahead of the midterms.

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31 juillet 2026
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Fed officials who voted to hike rates say action is needed now against inflation
Fed officials who voted to hike rates say action is needed now against inflation

CNBC • 31 juil. 12h01

Three Federal Reserve officials who voted against holding rates steady called for immediate hikes, warning that lingering inflation could require larger moves later.

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30 juillet 2026
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Wall Street reacts brutally to Fed chair Warsh’s interest rate hold: ‘the bond market puked on him’
Wall Street reacts brutally to Fed chair Warsh’s interest rate hold: ‘the bond market puked on him’

Fortune • 30 juil. 10h45

The S&P 500 fell 1.5% following the Federal Reserve’s decision to keep rates at 3.5%, while analysts criticized Chair Kevin Warsh for not raising rates amid persistent inflation.

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29 juillet 2026
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Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision
Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision

The New York Times • 29 juil. 21h33

The 30-year Treasury yield rose to 5.22%, its highest level since 2007, after the Federal Reserve left short-term rates unchanged, prompting concerns that inflation may stay elevated.

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US stocks close near lows as markets don't like the Fed decision/comments
US stocks close near lows as markets don't like the Fed decision/comments

investingLive • 29 juil. 20h36

Stocks closed close to their lows as investors reacted to Federal Reserve Chair Warsh's remarks indicating a move toward less forward guidance and greater reliance on market pricing.

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Fed meeting today: Live updates
Fed meeting today: Live updates

CNBC • 29 juil. 17h05

Federal Reserve Chairman Kevin Warsh will address markets in his second press conference as analysts debate whether the Fed will hold rates steady or raise them, while oil price volatility and recent CPI data influence expectations.

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Why no one knows what to expect from the Fed decision today
Why no one knows what to expect from the Fed decision today

CNN • 29 juil. 09h00

Federal Reserve officials are divided on whether to hold or raise rates as they await Chairman Kevin Warsh's post-meeting briefing, while recent inflation data and geopolitical tensions add to the ambiguity.

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Fed faces critical decision on interest rates : NPR
Fed faces critical decision on interest rates : NPR

NPR • 29 juil. 09h00

Federal Reserve officials are meeting on Wednesday to decide whether to keep rates steady or raise them as inflation remains elevated, while noting a stable labor market and the growing impact of artificial intelligence.

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Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now
Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now

AP News • 29 juil. 04h01

Federal Reserve officials are likely to keep the benchmark interest rate unchanged this week, despite growing impatience over inflation that has stayed above target for more than five years.

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28 juillet 2026
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Fed Chair Warsh faces pressure to combat inflation
Fed Chair Warsh faces pressure to combat inflation

AP News • 28 juil. 14h28

Federal Reserve Chair Kevin Warsh is under mounting pressure from officials and market observers to raise interest rates as core inflation remains above target, while the Fed is expected to hold rates steady at its upcoming meeting.

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Kevin Warsh can’t reopen the Strait of Hormuz
Kevin Warsh can’t reopen the Strait of Hormuz

CNN • 28 juil. 09h00

New Fed chair Kevin Warsh must decide whether to raise rates as inflation, now around 3.5%, is driven mainly by supply shocks such as the Iran-related energy squeeze and tariffs, rather than strong demand.

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27 juillet 2026
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What that means for consumers
What that means for consumers

CNBC • 27 juil. 12h15

The Federal Reserve is likely to keep its benchmark overnight rate unchanged at its July meeting, as lower inflation readings are offset by rising oil prices and Middle-East tensions.

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24 juillet 2026
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Will the Federal Reserve raise interest rates? Here is what experts predict for July's meeting.
Will the Federal Reserve raise interest rates? Here is what experts predict for July's meeting.

CBS News • 24 juil. 10h00

The Federal Reserve is likely to leave its benchmark rate unchanged at the July 29 meeting, though higher oil prices have increased market expectations of a possible hike later in the year.

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Fed keeps markets guessing ahead of July interest rate decision
Fed keeps markets guessing ahead of July interest rate decision

USA Today • 24 juil. 09h05

Analysts expect the Federal Open Market Committee to keep its benchmark interest rate unchanged at the July 29 meeting, while policymakers remain divided over future hikes or cuts.

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