Who are Fed-watchers actually watching now?

Chair of the Federal Reserve Kevin Warsh speaks during a news conference in Washington on July 29, 2026. Brendan SMIALOWSKI / AFP
Chair of the Federal Reserve Kevin Warsh speaks during a news conference in Washington on July 29, 2026. Brendan SMIALOWSKI / AFP
Federal Reserve chairman Kevin Warsh’s retreat from forward guidance is pushing forecasters to other policymakers for clues about the next move in interest rates. Veteran Fed watchers believe the dot plot has become more important than ever.

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