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 economic expansion and strong job gains, elevated inflation, partly due to Middle East conflict and energy prices, is a growing concern.

The US Federal Reserve is expected to hold interest rates steady on Wednesday at Kevin Warsh's first meeting in charge of the central bank, with rate hikes potentially on the…

The Federal Reserve on Wednesday held interest rates steady for the fourth consecutive meeting, but officials hinted at a potential rate hike later this year to combat the latest…

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.

New chair Kevin Warsh oversees first meeting with rate-setting committee