KEVIN WARSH said the Fed has no 'soft' stance on the 2% inf target and that today's decision to stand pat 'is just the beginning, not the end.' Evercore ISI analyst Krishna Guha said the move signals the Fed prefers to process new information in a more predictable, systematic way rather than taking unpredictable actions to make a point.

2026-07-30

KEVIN WARSH said the Fed has no 'soft' stance on the 2% inf target and that today's decision to stand pat 'is just the beginning, not the end.' Evercore ISI analyst Krishna Guha said the move signals the Fed prefers to process new information in a more predictable, systematic way rather than taking unpredictable actions to make a point.