local
Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates
By Christopher Rugaber, Associated Press at KSAT 12 (ABC affiliate) — San Antonio
· 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 Terrell Hills News
For Terrell Hills residents, the potential impact of Federal Reserve chair Kevin Warsh's shift towards less transparency is a concern, particularly when it comes to borrowing rates. With the possibility of higher interest rates on the horizon, local homeowners and businesses may face increased costs for mortgages, loans, and credit. This could have a ripple effect on the local economy, potentially slowing down growth and development in the area. As Warsh's approach becomes more established, it will be important to watch how it affects the San Antonio area's housing market, which has been a significant driver of the local economy. Even a modest increase in mortgage rates, such as the quarter-point higher rate suggested by analyst George Pearkes, could have a noticeable impact on the affordability of homes in Terrell Hills and surrounding communities.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills News 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) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 22, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
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) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Christopher Rugaber, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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