Fed Leaves Rates Unchanged at Warsh’s First Meeting

The Fed attributes inflation running above its 2 percent target to supply-side shocks.

Federal Reserve chairman Kevin Warsh speaks at the White House on May 22, 2026. Madalina Kilroy/The Epoch Times

The Federal Reserve held interest rates steady at Kevin Warsh’s first policy meeting as chairman of the U.S. central bank.

Officials voted 12–0 to keep the benchmark federal funds rate unchanged at a target range of 3.5 percent and 3.75 percent.