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Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates
By Christopher Rugaber, Associated Press at KSAT 12 (ABC affiliate)
· June 22, 2026
· 1 min read
The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy. But in his first press conference last Wednesday...
Key takeaway But in his first press conference last Wednesday...
Why this matters in The San Antonio
San Antonio residents and businesses may soon feel the effects of the Federal Reserve's shift towards less transparency under new chair Kevin Warsh. With the Fed potentially providing less guidance on interest-rate moves, local consumers could face higher borrowing costs, including mortgage rates that are a quarter-point higher than they would be otherwise. This change may be particularly significant for San Antonio's thriving housing market, where even small increases in mortgage rates can impact homebuyers and sellers. Additionally, the city's small businesses, which often rely on loans to operate and expand, may also feel the pinch of higher interest rates. As Warsh's approach becomes more established, San Antonio's economic development leaders will be watching closely to see how these changes affect the local economy and whether they will need to adjust their strategies to support businesses and residents.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio 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 KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 22, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy. But in his first press conference last Wednesday...
When was this published? This article was first published on June 22, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Christopher Rugaber, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
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