Federal Reserve Chairman Kevin Warsh concludes a news conference after a meeting of the Federal Open Market Committee on Wednesday, June 17, 2026. <\/p>\n
Tom Williams | CQ-Roll Call, Inc. | Getty Images<\/p>\n
Hello, this is Justina Lee writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.<\/p>\n
Kevin Warsh chaired his first Fed meeting with a series of announcements that kept markets guessing about policy trajectory, while tensions in the Middle East continued to ease on Iran-U.S. deal to end the war. <\/p>\n
With the deal stipulating restoration of energy shipments via the Strait of Hormuz, oil prices have dropped, but prospects of a toll system have muddied the long-term protocol over navigation via the critical waterway. <\/p>\n
What you need to know today<\/p>\n Warsh in his inaugural press conference as the chair of the Federal Reserve announced<\/a> the establishment of five task forces, including for addressing the Fed’s communications and its balance sheet. <\/p>\n He also revamped<\/a> the Fed’s policy statement, saying that “it’s a bit shorter, a bit simpler, and it dispenses with some older language,” while refraining from contributing to the “dot plot” that shows policymakers rate expectations. <\/p>\n U.S. stocks declined Wednesday, while Treasury yields climbed, amid uncertainty<\/a> over the path of monetary policy as several Federal Reserve officials signaled a rate hike this year to curb inflation.<\/p>\n Moving from policy uncertainty to some clarity on geopolitical front, President\u00a0Donald Trump<\/a> reportedly<\/a> said he had signed \u200bthe memorandum \u2060of \u200bunderstanding \u200bwith Iranian President Masoud Pezeshkian aimed at ending the \u200bwar.<\/p>\n Trump<\/a>, however, said he liked the idea<\/a> of blaming Vice President\u00a0JD Vance<\/a>\u00a0if a\u00a0deal to end the war<\/a>\u00a0with Iran does not work out, raising concerns that the agreement might not lead to a lasting peace in the region. <\/p>\n While the world has been dealing with an energy supply shock due to the Iran war, the International Energy Agency on Wednesday said a resolution<\/a> to the Middle East conflict could result in significantly higher supply volumes and spark a major oil overhang next year. <\/p>\n Over in the tech space, Anthropic CEO Dario Amodei and Google DeepMind CEO Demis Hassabis urged that a U.S.-led coalition<\/a> should craft AI rules and standards. The closed-door meeting at the G7 summit was attended by tech and state leaders, including Trump.<\/p>\n SpaceX, meanwhile, remains in the spotlight after its record IPO last week. Its newly minted trillionaire CEO\u00a0Elon Musk<\/a> just added<\/a>\u00a0his longtime friend and ally, Roelof Botha to the rocket maker’s board. Botha will serve as an independent director and a member of the company’s audit committee, becoming the eighth board member at SpaceX. <\/p>\n \u2014Justina Lee<\/p>\n And finally…Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Federal Reserve Chairman Kevin Warsh concludes a news conference after a meeting of the Federal Open Market Committee…\n","protected":false},"author":2,"featured_media":165646,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[116,1056,167,135,38,1454,34,1093,1096,4366,207,3620,1876,51,2376],"class_list":["post-165645","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran","tag-lco26q","tag-alphabet-class-a","tag-amazon-com-inc","tag-business-news","tag-donald-trump","tag-elon-musk","tag-iran","tag-j-d-vance","tag-jd-vance","tag-kevin-warsh","tag-markets","tag-masoud-pezeshkian","tag-singapore","tag-united-states","tag-world-markets"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116768755072267249","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/165645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=165645"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/165645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/165646"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=165645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=165645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=165645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}