WASHINGTON - The US Federal Reserve is expected to hold interest rates steady at Kevin Warsh’s first meeting in charge of the central bank, with rate increases potentially on the horizon to combat surging inflation.

The Federal Reserve's June meeting, the first helmed by new Fed Chair Kevin Warsh, may impact many consumer borrowing and savings rates down the road.

Trump signaled he would allow his new Federal Reserve chair “do what he wants to do.”

The Federal Reserve held interest rates steady at 3.5%-3.75% in Kevin Warsh's first meeting, with policymakers signaling potential rate hikes to combat surging inflation. Despite…

Investors had expected a pause as the U.S. continues to grapple with too-high inflation and higher energy costs stemming from the Iran war.