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

Fed Chair Warsh faces pressure as inflation remains high. Rate cuts by October 2026 at 0.1% YES, pauses at 1.8% YES.

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

US Federal Reserve Chairman Kevin Warsh holds a news conference following a two-day meeting of the Federal Open Market Committee (FOMC), as the Federal Reserve holds interest…