US Economic Perspectives "FOMC: hawkish dots and less guidance" Pingle

Research evidence excerpt

US Economic Perspectives "FOMC: hawkish dots and less guidance" Pingle

Global Research

17 June 2026ab

US Economic Perspectives Economics

AmericasFOMC: hawkish dots and less guidance

Jonathan Pingle

Economist

The press conference was interesting jonathan.pingle@ubs.com

+1-212-713 2225

Chair Warsh's first press conference delivered little forward guidance but the promise of

five task forces. He reiterated the commitment to both price stability and full Alan Detmeister

Economistemployment, but emphasized the FOMC's commitment to restoring price stability

alan.detmeister@ubs.com

several times during the press conference. He referred back to the FOMC statement a +1-212-713 1222

few times too, in particular the assessment of inflation. "Inflation remains elevated

relative to the Committee's 2 percent goal, in part reflecting supply shocks that have Abigail Watt

driven price increases in certain sectors, including energy," said the statement. It

abigail.watt@ubs.com

continued, "The Committee will deliver price stability." +1-212-882 6929

Amanda Wilcox

Asked periodically for insight into what changes might take place or even future policy, Economist

and many questions were met with, 'there's a task force for that.' In fact Chair Warsh amanda.wilcox@ubs.com

used the phrase "task force" 29 times in the press conference. Chair Warsh said the task +1-212-713 3899

forces would employ leaders inside and outside the Fed, start work in the next few Jalen Nichols

weeks, and be expected to conclude with recommendations by the end of the year. The Economist

five task forces will focus on: jalen.nichols@ubs.com

+1-212-882 6905

Fed Communications: He said that the Fed communications task force would

consider changes to Fed communications, including to the SEP, to which Warsh did