New Fed Chair Kevin Warsh Promised a Policy "Regime Change" to Defeat Inflation When He Took Over in May 2026. Has He Delivered?

Fed Chair Kevin Warsh took office in May 2026 promising a 'regime change' to combat inflation, but has not yet delivered on those promises. While headline inflation stands at 3.5% and core inflation at 2.6% (both above the Fed's 2% target), Warsh has held interest rates steady at two FOMC meetings despite elevated inflation. His reform strategy relies on five task forces examining communications, balance sheet policy, data quality, productivity/AI impacts, and inflation frameworks, with results not expected until year-end. Observers note uncertainty about the specifics of his inflation-fighting approach.