New Fed Chairman Kevin Warsh holds rates at 3.25%-3.75% and launches five task forces to overhaul Fed operations, signaling major policy shifts ahead.

New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.

Warsh ends forward guidance and shortens the Fed statement at his first meeting, signaling a shift toward data‑driven policy and potential changes ahead.