US Fed chair Warsh vows reforms as central bank signals rate hikes on horizon

US Fed chair Warsh vows reforms as central bank signals rate hikes on horizon
In their Summary of Economic Projections, policymakers raised their forecast for the year-end interest rate, signaling that they expected one rate hike by the end of 2026. Policymakers said inflation remained 'elevated,' partly due to supply shocks caused by skyrocketing energy prices triggered by Donald Trump's war on Iran.