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.

The central bank appeared divided over future interest rate moves.

NEW YORK, July 29 : The U.S. dollar fell across the board on Wednesday after the Federal Reserve held interest rates steady, a choice that may intensify questions about how U.S.…

Investors had largely expected that the Fed would hold interest rates steady, given ongoing concerns with high inflation.

Three Fed bank presidents wanted to hike interest rates