The Direction of the Fed

Amidst a torrent of unsettling international and domestic events, the week ahead could be very consequential for the Federal Reserve. The FOMC will hold its first meeting of the year on Tuesday and Wednesday. While they will likely leave interest rates on hold, any dissents on that decision and their commentary on the economic outlook will provide clues to the direction of short-term interest rates in 2026 and beyond. In addition, this week the President is expected to announce his nominee for Fed Chair, the person who, presuming they are confirmed by the Senate, will lead the Fed over at least the next four years.

You can listen to The Direction of the Fed online on Radio and Podcast. Open the player on this page to stream the available audio.

The Direction of the Fed is an episode from Notes on the Week Ahead by Dr. David Kelly.

This episode is 9:59 long.

This episode was published on Jan 26, 2026.

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