Former Atlanta Fed President Dennis Lockhart assesses Kevin Warsh's first FOMC meeting as a strong start, balancing reform with collegiality. He views the decision to not submit a dot plot as a personal signal, but the overall tone as clearly hawkish. Lockhart warns against assuming oil prices will stay low, arguing war-related disruptions could keep inflation elevated, and advises the Fed to use a broad set of inflation indicators.
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Dennis Lockhart 7.0
Central Bank
Dennis Lockhart 7.0
6/22/2026 8:11:15 PM
dxy
A clearly hawkish Fed stance (raising rates or holding them high) typically strengthens the US dollar as it attracts capital flows.
wti
We should be cautious about assuming that oil prices snap back to pre-war levels. I think there are a lot of reasons to be concerned that price pressures will persist and the improvement we've seen could reverse.
| 6/16/2026 5:26:07 PM | short term down | 5 days later | -2.57% | +2.57% |
| 5/22/2026 11:46:36 PM | short term down | 5 days later | -9.57% | +9.57% |
| 5/22/2026 4:30:38 PM | short term sharp down | 5 days later | -9.57% | +14.35% |
| 5/21/2026 7:50:07 PM | medium term sharp up | 20 days later | -9.20% | -13.80% |
| 5/21/2026 12:18:28 AM | medium term up | 20 days later | -9.20% | -9.20% |
| 5/15/2026 9:33:59 PM | medium term cautious up | 21 days later | -15.98% | -7.99% |
| 5/14/2026 6:15:43 PM | short term up | 5 days later | -6.79% | -6.79% |
| 5/12/2026 11:55:09 PM | short term sharp up | 5 days later | +7.56% | +11.34% |
| 5/12/2026 8:03:12 PM | short term sharp up | 5 days later | +7.56% | +11.34% |
| 4/30/2026 1:27:38 AM | short term cautious up | 5 days later | -6.73% | -3.36% |
| 4/29/2026 9:59:50 PM | short term sharp up | 5 days later | -2.66% | -4.00% |
| 4/29/2026 8:25:38 PM | short term sharp up | 5 days later | -2.66% | -4.00% |
| 4/22/2026 1:15:04 AM | short term sharp up | 5 days later | +4.26% | +6.38% |
| 4/21/2026 10:56:53 PM | short term sharp up | 5 days later | +3.67% | +5.50% |
| 4/21/2026 10:53:54 PM | short term sharp up | 5 days later | +3.67% | +5.50% |
| 4/21/2026 9:02:49 PM | short term up | 5 days later | +3.67% | +3.67% |
| 4/7/2026 4:38:39 PM | short term up | 5 days later | +4.95% | +4.95% |
| 4/7/2026 4:34:26 PM | short term up | 5 days later | +4.95% | +4.95% |
| 3/23/2026 3:29:56 PM | medium term up | 20 days later | +7.29% | +7.29% |
| 3/23/2026 3:17:02 PM | short term up | 6 days later | +11.40% | +11.40% |
| 3/20/2026 5:36:27 PM | medium term up | 21 days later | +12.42% | +12.42% |
| 3/20/2026 4:29:36 PM | medium term up | 21 days later | +12.42% | +12.42% |
| 3/19/2026 12:11:26 AM | short term sharp up | 5 days later | -8.14% | -12.21% |
| 3/18/2026 11:29:30 PM | short term sharp up | 5 days later | -3.94% | -5.91% |
| 3/18/2026 9:30:00 PM | short term up | 5 days later | -3.94% | -3.94% |
| 3/18/2026 8:57:23 PM | short term up | 5 days later | -3.94% | -3.94% |
| 3/9/2026 4:35:07 PM | short term up | 6 days later | +12.04% | +12.04% |
| 3/6/2026 9:15:32 PM | short term up | 5 days later | +8.59% | +8.59% |
| 3/6/2026 3:21:26 PM | short term sharp up | 5 days later | +8.59% | +12.89% |
| 3/5/2026 5:39:50 PM | short term up | 5 days later | -4.02% | -4.02% |
| 3/5/2026 4:38:35 PM | short term up | 5 days later | -4.02% | -4.02% |
| 9/23/2025 11:29:28 PM | short term up | 5 days later | -2.37% | -2.37% |
| 9/10/2025 9:59:15 AM | short term up | 5 days later | +3.45% | +3.45% |
| 8/28/2025 10:35:20 PM | short term down | 5 days later | -0.06% | +0.06% |
| 8/20/2025 10:17:30 PM | short term up | 5 days later | -0.43% | -0.43% |
yields
Lockhart describes Warsh's first meeting as 'very clearly hawkish' and reaffirming the commitment to bringing inflation down. A hawkish Fed typically signals higher short-term rates, pushing yields up.
