The Warsh fed holds the baseline benchmark rate to three and a half to 3.75%, significantly changes the statement, and splits evenly over whether there will be a rate cut this year. They see a rate increase this year. They see one cut each in 2027 and 2028.Nine members see at least one increase this year, with six of them seeing two moves, but nine see no moves or a cut. The median dot this year does move to 3.75% from 3.375%. However, for 2026, there are only 18 dots, suggesting the fed chairman did not en ...