Ann Saphir and Michael S DerbyJul 30, 2026 – 4.02amThe Federal Reserve held interest rates steady, a choice that may intensify questions about how US central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target.The widely expected decision to leave the benchmark interest rate in the 3.50 per cent-3.75 per cent range drew dissents from three of the 12 members of the policy-setting Federal Open Market Committee who “preferred” a quarter-percentage-point hike at this meeting.ReutersSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Fed policymakers vote 9-3 to hold rates steady
The decision may intensify questions about how Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target.
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