WASHINGTON: The Federal Reserve held interest rates steady on Wednesday (Jul 29), a choice that may intensify questions about how US central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target.The widely expected decision to leave the benchmark interest

The central bank appeared divided over future interest rate moves.

WASHINGTON: The US Federal Reserve held interest rates steady on Wednesday (Jul 29), with surging inflation fueled by President Donald Trump's war on Iran seeing three of the…

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…