# BND: Strategy Room Bonus - The Kevin Warsh era at the Fed begins!

Page: https://stenobird.com/podcast/the-banker-next-door-6597036/bnd-strategy-room-bonus-the-kevin-warsh-era-at-the-fed-begins
Text version: https://stenobird.com/podcast/the-banker-next-door-6597036/bnd-strategy-room-bonus-the-kevin-warsh-era-at-the-fed-begins.md
Podcast: [The Banker Next Door](https://stenobird.com/podcast/the-banker-next-door-6597036)
Published: 2026-06-21T16:00:00+00:00
Episode link: https://joeberq.podbean.com/e/bnd-strategy-room-bonus-the-kevin-warsh-era-at-the-fed-begins/
Audio file: https://mcdn.podbean.com/mf/web/xd548n9c6pjry262/BND_Strategy_Room_6-19-2026_Bonus_-_The_Kevin_Warsh_era_at_the_Fed_begins_95cej.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-banker-next-door-6597036/episodes/bnd-strategy-room-bonus-the-kevin-warsh-era-at-the-fed-begins
Duration seconds: 2336

## Resource

This video is a clip from BND: Strategy Room Live Stream on June 19, 2026. Kevin Warsh conducted his first FOMC meeting as Chairman of the Federal Reserve. Mr. Warsh wants to bring ‘regime change’ to the Fed. The first meeting focused on four main topics: 1) interest rates, 2) Fed statement (Forward Guidance), 3) Dot Plot, and 4) committees. The FOMC voted unanimously 12-0 to hold the Federal Funds Rate steady. The Fed’s normal statement was dramatically reduced from over 300 words down to just 130 words. It eliminated most of the forward guidance from the statement. The Fed governors put forth their Dot Plot projections; however, Mr. Warsh did not submit one. The group shows no rate cuts for the rest of 2026 and 1 rate increase before the end of the year. Finally, Mr. Warsh established five new committees that will focus on communications, balance sheet, data sources, employment, and inflation. These committees will have until the end of the year to submit their findings and provide recommendations.

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## Transcript

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