Asked whether Fed officials had discussed rate cuts at the meeting through Wednesday, Fed Chair Kevin Warsh said "there was only one proposal on the table" and "no discussion of any other proposals." He said officials debated a single core issue vigorously and ultimately reached agreement. The Federal Reserve left the federal funds target range unchanged at 3.50%-3.75% in a unanimous vote.

2026-06-18

Asked whether Fed officials had discussed rate cuts at the meeting through Wednesday, Fed Chair Kevin Warsh said "there was only one proposal on the table" and "no discussion of any other proposals." He said officials debated a single core issue vigorously and ultimately reached agreement. The Federal Reserve left the federal funds target range unchanged at 3.50%-3.75% in a unanimous vote.