local
Kevin Warsh’s reform-focused approach is already winning support on the global stage
By CNN Newsource at KVIA ABC-7
· July 1, 2026
· 4 min read
By Bryan Mena, CNN
Washington (CNN) — Federal Reserve Chairman Kevin Warsh isn’t alone in arguing that central banks should stop trying to predict the economy: A slew of top central bankers said Wednesday they also question the practice of speculating about the economy’s future path.
“We have...
Key takeaway “We have found common cause,” Warsh said Wednesday during a panel hosted by the European Central Bank in Sintra, Portugal.
Why this matters in The El Paso
For El Paso residents, the Federal Reserve Chairman Kevin Warsh's comments on forward guidance and potential interest rate hikes have significant implications. As the US economy navigates the economic disruption caused by the conflict in the Middle East, El Paso's own economic growth and stability are at stake. With inflation at a three-year high, local businesses and consumers may face increased borrowing costs, which could impact the city's thriving small business community and affect the overall cost of living. Furthermore, the Fed's decisions on interest rates can influence the city's housing market, making it more expensive for El Pasoans to purchase or rent homes. As Warsh's task forces review factors affecting monetary policymaking, including productivity, El Paso's own economic development efforts, such as initiatives to boost local industry and innovation, will be crucial in mitigating the potential effects of interest rate changes.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 1, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 4 min
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What is this story about? By Bryan Mena, CNN
Washington (CNN) — Federal Reserve Chairman Kevin Warsh isn’t alone in arguing that central banks should stop trying to predict the economy: A slew of top central bankers said Wednesday they also question the practice of speculating about the economy’s future path.
“We have...
When was this published? This article was first published on July 1, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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