CNBC Survey: Fed Chair Kevin Warsh Expected to Hold Rates Steady Through 2027
By
Steve Liesman
1d ago· 4 min readenNews
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Summary
According to the CNBC Fed Survey, incoming Federal Reserve Chairman Kevin Warsh is expected to hold interest rates steady at his first meeting and through 2027. The survey of 32 economists, fund managers, and strategists indicates that while no rate change is anticipated, 88% of respondents expect the Fed to remove the easing bias from its statement, signaling a shift away from indicating future rate cuts. Warsh takes over as the hand-picked nominee of a president who has publicly pressured the Fed for lower rates.
Key quotes
· 3 pulledThe 32 respondents, including economists, fund managers and strategists, as a group see no rate change at this meeting or any meeting through 2027.
88% do expect the Fed at this week's meeting to remove the easing bias in the statement that has signaled the Fed's next move would likely be a cut.
Warsh comes in as the hand-picked nominee of a president who has been bullying the Fed for years for lower rates.
The survey respondents do expect the Fed at this week's meeting to remove the easing bias in the statement that has signaled the Fed's next move would likely be a cut.
