Daily Regulatory Briefing - Jun 18, 2026
Morgan here.This is Lex Reg Pulse Daily for Thursday, June 18, 2026.The Federal Reserve's June 17 meeting delivered the clearest signal yet about how Kevin Warsh intends to run the institution — and the shape of it moved markets sharply.That is the story driving the most consequential planning decisions for bank balance sheets right now.The Federal Open Market Committee held the federal funds rate at 3.5 to 3.75 percent, a unanimous 12-to-0 vote and the fourth consecutive hold.The rate itself was expected.What was not fully priced in was Warsh's decision to strip forward guidance out of the…
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