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Fed Holds Rates at 3.75%-4% as Two Officials Push for a Hike
The central bank paused less than a week before the midterms, but inflation at 3.7% and a split committee point toward a December increase.
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Kevin Warsh
24 stories from Planck Standard. Latest: October 28, 2026.
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PoliticsFed Expected to Hold Rates at 3.75%-4% Wednesday Despite 3.7% Inflation and Midterm Pressure
Markets price an 88% chance of a hold and a 71% chance of a second hike in December, as gas above $4 keeps prices climbing.
WatchTop NewsThe Fed Raised Rates 12-0 to 3.75%-4%, Its First Hike Since July 2023, and 16 of 18 Officials Want Another Before Christmas
The chairman Trump picked to cut rates instead delivered the hike the president spent two weeks lobbying against. The Fed now sees inflation at 3.7% this year and does not expect to hit 2% until 2029.
PoliticsInflation Held at 3.4% in August, but Prices Rose 0.4% in a Month
Gasoline jumped 3.9% in August and is up 27.4% from a year ago as the Iran war keeps oil above $100. Core prices rose 0.3%, and Fed Governor Christopher Waller has already said it 'may not take much' to push him toward tightening.
Top NewsThe Fed Chair Went to Jackson Hole and Said the Quiet Part: If Inflation Doesn't Fade, 'We Have Work to Do'
Kevin Warsh never used the word 'hike.' Economists heard one anyway, with unemployment at 4.1% and underlying inflation refusing to improve.
- Politics
IMF Backs the Fed's Rate Hold as U.S. Economic Growth Is Revised Up to 2.1%
The International Monetary Fund said the American economy retains 'solid momentum' and praised new Federal Reserve Chair Kevin Warsh's commitment to price stability, even as looming tariffs cloud the second-half outlook.
Top NewsFed Holds Rates Steady and Pushes Cuts to 2027 as Iran War Reignites Inflation
In Kevin Warsh's first meeting as chair, the Federal Reserve left its benchmark rate unchanged and erased its projected 2026 cut, with some officials now signaling a hike could come as soon as October.
PoliticsFed Holds Rates Steady as Warsh Era Opens With a Hawkish Turn Toward Hikes
In Kevin Warsh's first meeting as Federal Reserve chair, policymakers kept the benchmark rate at 3.5% to 3.75% but dropped their bias toward cuts, with nine of 18 officials now projecting a rate increase before year's end.
PoliticsNew Fed Chair Kevin Warsh Faces His First Rate Decision With Inflation at a Three-Year High
Hand-picked by Trump to slash borrowing costs, Warsh chairs his debut FOMC meeting next week as markets bet on no cut and consumer prices climb to 3.8%.
Top NewsInflation Surges to 4.2%, Highest Level in Three Years as Fed Rate Cut Hopes Fade
Consumer Price Index data shows airline tickets up 27% as workers struggle with wages that lag behind rising costs ahead of Fed Chair Kevin Warsh's first meeting.
BusinessKevin Warsh Sworn In as Fed Chair as Trump Rate Cut Hopes Fade
New Federal Reserve chair takes control of world's most influential central bank amid mounting economic pressures and political expectations.
- Business
Kevin Warsh Sworn In as Federal Reserve Chair as Trump Rate Cut Hopes Fade
New Fed chairman takes control of world's most influential central bank, but prospects for interest rate reductions appear increasingly unlikely.
PoliticsKevin Warsh Takes Charge of Federal Reserve Facing Rising Inflation Threat
The economic backdrop that the new Fed chair inherits does not call for the interest rate cuts that President Trump wants.
Top NewsTop Forecasters Now Expect U.S. Inflation to Hit 6% This Quarter, Putting a Fed Rate Hike Back on the Table
The Philadelphia Fed's Survey of Professional Forecasters nearly doubled its second-quarter CPI estimate as the Strait of Hormuz crisis sends gasoline above .50 a gallon and one-year consumer inflation expectations hit a 40-year high.
WatchPoliticsSenate Confirms Kevin Warsh as Fed Chair in Bitter 54-45 Vote, Powell Era Ends
Only Sen. John Fetterman crossed the aisle as the Senate installed Trump's pick in the closest Fed chair vote in modern history. Warsh chairs his first FOMC meeting June 16-17.
- Top News
Jerome Powell Steps Down as Fed Chair in 'Regime Change' Moment
Kevin Warsh takes over as Federal Reserve chairman as Trump administration pushes for institutional overhaul of the central bank.
PoliticsSenate Confirms Kevin Warsh as Fed Chair Amid Economic Uncertainty
President Trump's nominee takes control of monetary policy as Iran war complications raise inflation concerns.
Top NewsSenator Tillis Ready to Advance Fed Nominee Warsh After Justice Department Drops Investigation
Key committee vote on Kevin Warsh's Federal Reserve nomination expected to proceed after prosecutors provide assurances to concerned senator.
- Top News
Federal Reserve Chair Kevin Warsh Nomination Advances After DOJ Drops Investigation
Senator Thom Tillis signals support for confirmation vote after receiving assurances from federal prosecutors about concluded inquiry.
Top NewsJustice Department Drops Criminal Investigation Into Federal Reserve Chair Jerome Powell
The stunning reversal clears the path for Kevin Warsh, Trump's Fed chair nominee, to win confirmation after months of political pressure.
- Top News
Kevin Warsh Vows to Shrink Fed's $6 Trillion Balance Sheet as Trump's Central Bank Pick
President Trump's nominee to lead the Federal Reserve wants to overhaul the central bank and reduce its massive market footprint.
WatchPoliticsFed Chair Nominee Kevin Warsh Vows He Won't Be Trump's 'Sock Puppet' at Contentious Senate Hearing
Warsh pledged Fed independence and a 'regime change' in monetary policy at his Senate Banking Committee confirmation hearing, but a key Republican vowed to block the vote until Trump drops a probe into outgoing Chair Jerome Powell.
WatchPoliticsTrump's Fed Pick Kevin Warsh Vows Fed Independence at Tense Senate Confirmation Hearing
Warsh promised not to be Trump's "sock puppet" but faces a crucial Republican obstacle — Senator Thom Tillis, who is blocking the nomination over a DOJ probe.
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PoliticsTrump Issues Ultimatum to Fed Chair Powell: Leave by May 15 or Be Fired
In a Fox Business interview, President Trump declared he will fire Jerome Powell if the Fed chair does not step down when his term expires next month — setting up a constitutional showdown over the independence of the Federal Reserve.
