Fed Chairman Kevin Warsh held rates at 3.5%-3.75% in a 9-3 FOMC vote, defending the decision as inflation stays above the 2% target for over five

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

The U.S. Federal Reserve left interest rates unchanged on Wednesday, keeping borrowing costs steady while putting renewed focus on Chair Kevin Warsh's...

Three Fed bank presidents wanted to hike interest rates