Mortgage Rates Likely to Stay High For Now as Markets Digest Warsh's First Fed Meeting

Kevin Warsh’s first Federal Reserve meeting as Chair revealed a policy shift, with committee projections moving from expecting rate cuts to predicting a rate hike by year’s end. Warsh announced five task forces examining Fed communications, balance sheet practices, data sources, productivity metrics, and inflation frameworks, issued a slimmer statement, and withheld his own dot from the projections, signaling intent to reshape how the Fed operates.