1236 ET - As attention shifts to the Federal Reserve's future with Kevin Warsh as chair and his stance on future rate cuts, his testimony this week lacked discussion on the case for near-term easing, a note from BofA says. While he pointed to progress on inflation and argued for looking through one-off price increases, he did not state that the U.S. is back at the inflation target, they wrote. "Warsh's stated outlook is much more consistent with an extended hold than additional cuts." (jessica.coacci@wsj.com)

(END) Dow Jones Newswires

April 24, 2026 12:36 ET (16:36 GMT)

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