Kevin Warsh is the new Federal Reserve chairman who chaired his first FOMC meeting in June 2026.

Which tech stocks rebounded after the decision?

Stocks like AMD, Intel, Broadcom, Marvell Technology, and Micron Technology rebounded after the initial decline.

Did the Fed cut rates at this meeting?

No, the Fed held rates steady at 4.25%-4.50%.

Fed Holds Rates Steady in Warsh's First Meeting; Tech Stocks Rebound

U.S. stocks declined Wednesday after the Federal Reserve kept interest rates unchanged in Kevin Warsh's first meeting as chairman. However, some technology and AI stocks recovered later in the session.

June 17, 2026

2 min read

Source: Barrons.com

U.S. stock indexes fell Wednesday after the Federal Reserve held interest rates steady in Kevin Warsh's first meeting as chairman. However, some technology and artificial intelligence stocks managed to rebound later in the session.

Details of the Decision

The Federal Reserve kept its benchmark interest rate at 4.25%-4.50%, in line with market expectations. This was the first Federal Open Market Committee meeting chaired by Kevin Warsh, who succeeded Jerome Powell.

Market Reaction

Stocks broadly declined after the announcement, but AI-related tech stocks recovered later in the day. Notable stocks include AMD, Intel, Broadcom, Marvell Technology, and Micron Technology.

Broader Context

The decision comes as inflation remains above the Fed's 2% target. The central bank indicated it will continue to monitor economic data before any policy move. This cautious stance pressures interest-rate-sensitive stocks, especially growth and tech names.

What It Means for Investors

The Fed reiterates it is in no rush to cut rates, keeping borrowing costs elevated. Tech investors should focus on companies with strong cash flows and the ability to grow even in a high-rate environment.

Frequently Asked Questions

Stocks fell because the Fed kept rates high and signaled no rush to cut, raising borrowing costs and pressuring equity valuations.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.