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Tuesday, 16 June 2026

Kevin Warsh's Big Week

07:22

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Also: what will a peace deal with Iran mean for the economy? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Jun 16 2026

 

Andrea Riquier Reporter

Good morning! It’s Andrea Riquier in for Daniel de Visé, with apologies for the email snafus this newsletter has been facing. Thank you for continuing to read along with us.

A critical Fed meeting

Kevin Warsh, President Donald Trump 's choice for chair of the Federal Reserve, will probably need to deliver unwelcome news after his first meeting this week, as markets expect no change in the central bank’s benchmark interest rate despite Trump’s consistent calls for lower borrowing costs.

Rachel Barber has the story here.

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Kevin Warsh (L) shakes hands with U.S. President Donald Trump after being sworn in as the new Chairman of the Federal Reserve.

Roberto Schmidt, Getty Images

How will an Iran ceasefire impact the economy?

One thing is certain after the United States and Iran agreed to a framework deal  to end the monthslong war and reopen the Strait of Hormuz: the cost-of-living crisis just got a bit less bad. But there are still plenty of open questions, particularly given the deal’s unknowns, and many observers of financial markets and the economy feel they've seen this rodeo before.

Off the hook?

Less screen time, more me time?

More travelers are leaving their cell phones and laptops behind and seeking out destinations with no cell service or Wi-Fi. Called "deadzoning," these trips force people to disconnect from technology and reconnect with themselves, others, and nature, Kathleen Wong reports.

📰 More stories you shouldn't miss 📰

Here's who gets Social Security checks on June 17.
Thousands of macaroni and cheese packages sold at Aldi are being recalled.
Online car retailer Carvana has been scooping up brick-and-mortar dealerships, a step that might mean good news for consumers.
Here’s what Aulani, a Disney Resort & Spa meant to pay tribute to Hawaiian culture, feels like to an island native.
Wendy's has a menu based on "Minions" and some of the options aren't all that "despicable."

Andrea Riquier covers housing, the economy, financial markets, and more for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here .

The new Chairman of the Federal Reserve Kevin Warsh departs from the East Room of the White House after a swearing in ceremony in Washington, DC on May 22, 2026. The US Senate confirmed Kevin Warsh as the new Federal Reserve Chairman on May 13 to lead a central bank whose independence is under attack and with inflation at a three-year high. (Photo by Aaron Schwartz / AFP via Getty Images)

The Federal Reserve's June meeting will mark Kevin Warsh's first as chair. He may need to deliver what is likely to be unwelcome news to the president.

With a framework for a deal between Iran and the U.S., consumers will see some relief at the pump. The rest of the economy is another story.
 

US-Iran peace deal: What does it mean for the economy?

The U.S. and Iran have agreed to take initial steps toward ending the war. What might it mean for the economy and American consumers?

Konst (far left) was disconnected from technology on his trip to the Amazon Rainforest.
 

Your boss, coworkers won't be able to reach you on these vacations

More travelers are opting for destinations where there's no internet connection to rest and recharge. This is deadzoning.

A Social Security card rests on top of a stack of file folders and next to a calculator and a pen.
 

Here's who gets Social Security payments on June 17

The second wave of Social Security payments for the month of June is coming this week. Here's what recipients need to know.

The signage of an Aldi store in DeLand, Florida.
 

Over 500K packages of macaroni and cheese sold at Aldi pulled. See why

More than 500,000 packages of Aldi's Park St. Deli Macaroni & Cheese have been pulled from shelves. See what triggered the recall.

The Carvana CDJR of Casa Grande on March 4, 2026.
 

Here's why online retailer Carvana keeps buying Stellantis dealerships

Carvana is known for being an online car retailer. But the company has quietly purchased multiple physical dealerships from Stellantis.

Aulani mimics the concept of an ahupuaa, ancient Hawaiian communities.
 

As a Hawaii local, I was surprised by Disney’s Aulani resort

Aulani, a Disney Resort and Spa, pays homage to Hawaii with the Disney magic you'd expect. Here are my thoughts as a Hawaii local.

Wendy's released a new meal inspired by Illumination’s "Minions & Monsters" film.
 

I tried Wendy's new "Minions"-inspired meal and loved this one item

The Wendy's Minions & Monsters Adult Meal also comes with one of four Wendy's exclusive "Minions & Monsters" blind box collectibles.

 

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