Fed holds rates steady at 3.5%-3.75% under new Chair Warsh, drops cutting bias language
By
Jeff Cox
12h ago· 5 min readenNews
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Summary
The Federal Reserve, under new Chairman Kevin Warsh, held interest rates steady at 3.5%-3.75% during his first meeting. The FOMC voted unanimously to maintain the benchmark rate and notably removed language indicating a bias toward future rate cuts, while also issuing a significantly shorter policy statement. This follows a period of rate reductions in late 2025.
Key quotes
· 3 pulledKevin Warsh's first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates
The Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%
the removal of key language indicating a bias toward future cuts, and a dramatically shorter policy statement
The Federal Reserve on Wednesday released its interest rate decision.
