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 to 3.75 percent.
Fed Leaves Rates Unchanged at Warsh’s 1st Meeting
The Fed attributes inflation running above its 2 percent target to supply-side shocks.
Federal Reserve Chair Kevin Warsh speaks to reporters during his first news conference since taking the helm at the central bank in Washington on June 17, 2026. Chip Somodevilla/Getty Images
