#central-bank

The FOMC held the federal funds target range at 3.50%-3.75% in a 9-3 vote on July 29. Beth Hammack, Neel Kashkari and Lorie Logan dissented in favor of a 25 bps hike as inflation stayed above the 2% goal.

MAS increased the appreciation rate of the Singapore dollar nominal effective exchange-rate policy band on July 27, with WSJ polling showing only 1 of 10 economists expected a tightening.

Bank Indonesia raised the BI-Rate by 25 bps to 5.50%, with the Deposit Facility at 4.50% and Lending Facility at 6.25%. The off-cycle move followed rupiah weakness and foreign portfolio outflows.

Kevin Warsh was sworn in as Federal Reserve chair on May 22, 2026, in a White House ceremony hosted by President Trump — the first time a Fed chair has taken the oath at the White House in approximately 40 years. Warsh, who served as a Fed governor from 2006 to 2011 and dissented against QE programs, is regarded as a hawkish voice; markets are watching for signals of a shift in the Fed independence framework and rate trajectory.